Shares of non-banking financial companies (NBFCs) were trading mixed on Thursday, a day after Finance Minister Nirmala Sitharaman announced a major liquidity boost of Rs 75,000 crore to NBFCs and microfinance institutions (MFIs). While these announcements are enough to keep NBFCs, and micro finance institutions (MFIs) afloat in the current environment where working capital is drying up, it won’t revive the sector per se, says Siddharth Purohit, equity research analyst at SMC Global Securities.
Below is an analysis of key NBFC stocks on technical parameters. Take a ...
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First Published: Thu, May 14 2020. 10:47 IST
