Nomura on NBFC stocks to buy: Non-bank finance companies (NBFCs) stocks may soon see re-rating from analysts, global brokerage Nomura said in a report on February 21, 2025.
In the recently concluded quarter, Nomura noted that the nine NBFCs under its coverage reported AUM growth of 19 per cent Y-o-Y (vs 23 per cent/20 per cent Y-o-Y growth in Q3FY24/Q2FY25), with disbursements growing at 10.6 per cent Y-o-Y in Q3FY25 (vs 10 per cent/17 per cent in Q2FY25/ Q3FY24).
Costs moderated for LIC Housing and M&M Finance, while inched up marginally for Bajaj Finance, Cholamandalam Investment and Finance, Shriram Finance, and Five Star Business Finance.
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