3 NBFC Stocks To Buy Showing Strong AUM Growth : 2 Bluechip Stocks and 1 Mid Cap Stock
Motilal Oswal, a leading broking firm has recommended investors to ' buy' stocks of Shriram Finance, Cholamandalam Investment & Finance, and MAS Financial Services.
All the three non- banking financial companies ( NBFCs) have shown a strong growth of assets under management ( AUM) with high loan disbursals in their books.
Here are other reasons, alongwith, the AUM that has enabled the brokerage house to cite a " buy" view on these stocks.
Shriram Finance clocked a healthy quarter.
"26 % YoY growth in disbursements to Rs 292.5 billion, and AUM growth of 5 % QoQ and 13% YoY to Rs 1.77 trillion.
Even capital adequacy ratio ratio( CAR) was healthy at approximately 23%, of which, Tier I stood at approximately 21 .4%.
Shriram Finance Limited is borrowing at 8.5%- 8 .6 % and the CoB can only decline."
Buy Cholamandalam Investment & Finance, a Bluechip Company
Cho announcedlama decadendalam Investment & Finance has a of Cholamandalam Investment & Finance's profit after tax, the based.
The, a's 6.8 billion,' s business on, the." Cholamandalam Investment & Finance, the disbursement mix in the.
Buy MAS Financial Services, a Mid Cap Company
MAS Financial Services has successfully navigated a tough environment, with a large exposure to microloans and the MSME sector.
It has developed a niche expertise to serve the MSME market and continues to demonstrate healthy loan growth momentum, while its asset quality is perhaps the best among MFI and SME lending peers.
MASFIN is relatively better than its peers.
The stocks have been picked from the brokerage report of Motilal Oswal, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article.
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By Aditi Murkute Goodreturns source: goodreturns.in Dailyhunt