ResultsFinancial Express
JM Financial names Aditya Birla Cap, Tata Capital top NBFC picks
Positive+50
GreyOak summary
JM Financial report dated November 9 favors diversified NBFCs and HFCs with floating-rate assets. Aditya Birla Capital is the top pick, followed by Tata Capital and PNB Housing Finance. The brokerage cites strong Q2 earnings and stable asset quality, though drought conditions in Maharashtra and Karnataka pose risks to rural/agri portfolios.
What it affects
- PNB Housing FinancePNBHOUSINGPositive +50
Rolling sentiment Positive +35
- Tata CapitalTATACAPPositive +50
Named second top diversified NBFC pick.Rolling sentiment Positive +46
- Aditya Birla CapitalABCAPITALPositive +40
Named top diversified NBFC pick by JM Financial.Rolling sentiment Positive +35
Source
Read the original at Financial ExpressMore PNB Housing Finance news
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