NBFC stocks to buy: Time to shed the negative bias? Yes, selectively. 5 NBFC stocks with an upside potential of up to 36%
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Synopsis Why does NBFC as a sector produce both the best of heroes and the worst of villains? The answer lies in the basic nature of the business. At one level, there is no dearth of demand for credit. But here is the catch: There is good credit and there is bad credit. There are enough examples to show that either by chasing fast growth or by simply siphoning off money, promoters of some NBFCs have actually been the reason for their own and their companies' downfall. It is the sector where the regulatory interventions have been highest – and rightly so. On a day when the broader market indices – the Nifty and Sensex – are trading with high volatility, it may seem odd to be looking at a sector like NBFCs – one that is already under pressure. But history tells us that the best time to look at a sector is when it has something which is perceived as negative – and the market is correcting accordingly. To put this in perspective: Stock pr...