With the bottom of the NBFC cycle behind us and many of these stocks growing at a fast pace, we could see quality names with strong parent co's do well.
L&T Finance is one such co.
Long at current price (85.50) with a stoploss below 83.50 (slightly below the 200EMA)
I like the NBFC space in general with the worst behind them, the books are clean and leading is happening at a good speed.
L&T Finance is one such co.
Long at current price (85.50) with a stoploss below 83.50 (slightly below the 200EMA)
I like the NBFC space in general with the worst behind them, the books are clean and leading is happening at a good speed.