3 NBFC Stocks to Look at as the Unlocking Gains Traction – Investing.com India

3 NBFC Stocks to Look at as the Unlocking Gains Traction – Investing.com India

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3 NBFC Stocks to Look at as the Unlocking Gains Traction – Investing.com India

Along with banks, the Non-Banking Financial Companies (or NBFCs) play a vital role in India’s core infrastructure development. With a broad customer base, NBFCs provide finance to small and medium businesses and individuals. NSE has the 25/50 index, which is a new capped version of the Nifty Financial Services index. In the index, 25 denotes the maximum value for the percentage weight of a single stock. 50 represents the maximum value for the total percentage weight for all shares with a stand-alone weight of more than 5%. This index covers the major NBFCs in India. Last year, the Nifty Financial Services 25/50 gained 50%, whereas the gained 47%. Although NBFC’s assets remained stressed resulting from the second Covid wave, there are still some NBFCs with a potential for an upswing shortly.

Bajaj Finance (NS:) Ltd

India’s largest NBFC by market capitalization, Bajaj Finance, is into retail banking. The company has a wide range of products in its portfolio, from finance for consumer durables, two-wheelers, and computers to IPO financing to high net worth customers. They are the major consumer electronics, digital products, and personal loan lenders in the country.

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