This article will provide a comprehensive knowledge of some of the best NBFC Stocks to buy in India.
The NBFC or Non-Banking Finance sector in India is gaining more with time and spreading its wings steadily.
Today, NBFC serves a vast customer base that relies on it for regular loans and other financial aids.
It makes investors consider profitable investment solutions in this sector, and they look for the most suitable Non-Banking Finance Shares to buy.
Top 10 NBFC Stocks to Buy in India – List of Best NBFC Shares to Buy
|5||Cholamandalam Investment & Finance Company|
|6||Shriram Transport Finance Company|
|7||Aditya Birla Capital|
|8||LIC Housing Finance|
|10||L&T Finance Holdings|
This article contains the names and other useful details about the 10 Best NBFC Stocks to Buy in this nation.
All these companies have been doing great in the stock market for a long time, and thus, they create profitable investment solutions for investors.
The names include HDFC, Bajaj Finance, Bajaj Finserv, Muthoot Finance, Cholamandalam Investment & Finance Company, Shriram Transport Finance Company, Aditya Birla Capital, LIC Housing Finance, Sundaram Finance, and L&T Finance Holdings.
Readers will find the names of these Top 10 Non-Banking Finance Shares arranged in the order of their popularity and market capitalization.
It will help them in understanding the present situation of each stock, and they can take a strategic investment decision easily.
Investors can get a guaranteed return on their investments by investing in these stocks. Therefore, people planning to invest in NBFC shares in the future should go through this article carefully for getting a clear idea of the present market figures.
Housing Development Finance Corporation Ltd. – Best NBFC Shares to buy in India
The first name in this list of the 10 Best Non-Banking Finance Shares to buy is of HDFC Ltd. This share has bounced back successfully from its 52 weeks low and has created a favourable investment option for traders.
The 52 weeks low was 1473.45, whereas the 52 weeks high was 2499.90, which is noteworthy. Investors get a dividend share of 1.18% from this stock that will increase their profit percentage.
The present market value of HDFC shares is Rs. 309714.40 crores, and this is the highest in this sector. This company is expanding its service profile steadily that will create more opportunities for investors in the future.
Bajaj Finance Ltd. – Top NBFC Stocks to buy in India
Bajaj Finance Ltd. is the second name among the Best Non-Banking Finance Stocks to buy in India. Its net worth in the market is very high, and the amount is Rs. 213012.62 crores. It attracts investors more, and thus, the price of shares increases robustly.
The 52 weeks low-high ratio shows that this share has performed exceptionally in the last one year. Its 52 weeks low was recorded as 1783 and 52 weeks high was 4923.40, which is more than twice.
This share yields a dividend of 0.28% that is shared with all shareholders. Investors can earn a very high amount of return if they buy Bajaj Finance shares at present.
Check out the list of best stocks to buy from other sectors
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Bajaj Finserv Ltd. – Most Traded NBFC Shares in India
Bajaj Finserv Ltd. share is one of the Most Traded NBFC Shares in India and holds the third rank in this list. The company’s present market capitalization is Rs. 100033.70 crores which are expected to increase steadily in the future.
This share has come out of its 52 weeks low, and the upward momentum has started effectively. The 52 weeks low-high ratio shows the lower figure as 3985.30 and the lower figure as 9950.
Bajaj Finserv shares have an EPS of Rs. 234.95, and the dividend yielded is 0.08%. The company has partnered with many big business houses worldwide that assures its credibility.
Muthoot Finance Ltd. – Top 10 Non-Banking Finance Stocks to buy
As a prominent name in the financial market, Muthoot Finance Ltd. has grabbed the fourth position among the Top 10 Non-Banking Finance Stocks to buy.
The widespread services and reliability of the company have compelled investors to buy its shares in the past few years.
Its 52 weeks low was 476.80 while the 52 weeks high was 1405.75, and this shows the popularity of this share in the stock market. The net worth of the company is Rs. 43672.96 crores.
Muthoot Finance shares yield a dividend of 1.38%, and stockholders get their share according to their holding.
Investors can obtain more returns in the future by buying this share as the company is expanding its portfolio robustly.
Cholamandalam Investment Finance Company Ltd. – Best NBFC Shares in India
The fifth name among the 10 Best NBFC Shares to buy in India is of Cholamandalam Investment Finance Company Ltd.
This company has been offering a wide range of financial services to clients, and stock market experts are acquainted with its goodwill.
The net worth of the company is Rs. 18830.33 crores, and a huge volume of its shares is traded every day.
Chola Inv Fin shares have combatted its 52 weeks low efficiently and came up with a profitable figure.
The 52 weeks low was 117.40 and the 52 weeks high was 349. Investors get a dividend of 0.74% by investing in this share.
Here are the list of Top Stocks to Buy from other Sectors
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Shriram Transport Finance Company Ltd. – Top Non-Banking Finance Shares to buy in India
Shriram Transport Finance Company Ltd secures the sixth position in this list of Top Non-Banking Finance Shares to buy in India.
This company’s net market worth is Rs. 17266.39 crores, and its reliable services make investors buy its shares in a considerable volume.
Shriram Tran Fin shares have bounced back remarkably from its 52 weeks low, and the performance curve is directed upwards.
The 52 weeks low was 428.73 while the 52 weeks high was 1332, and this has undoubtedly helped investors earn a good return from their holdings. This share yields a dividend of 0.73%.
Aditya Birla Capital Ltd. – Best NBFC Shares to Buy
Aditya Birla Capital Ltd. is a subsidiary of India’s top-ranked business house, and its share is one of the Best NBFC Shares to Buy.
At present, this company has a market capitalization of Rs. 17247.02 crores and this figure is increasing steadily.
The 52 weeks low of this share was 37.35 and the 52 weeks high was 115.35. Aditya Birla Capital Ltd. was incorporated in 2007 and has achieved significant milestones in little more than a decade.
Its reliable and transparent services attract clients quickly, and thus, the value of the company increases rapidly.
LIC Housing Finance Ltd. – Best Non-Banking Finance Stocks to buy
LIC Housing Finance Ltd. share is one of the most trusted and undoubtedly the Best Non-Banking Finance Stocks in India.
This state-owned finance company provides home loans in India and several other middle-east countries.
The current market capitalization of the company is Rs. 14879.99 crores which is one of the highest amongst the home loan providers.
LIC Housing Finance shares have finally passed its 52 weeks low and currently showing a positive trend.
The 52 weeks low was 185.25, whereas the 52 weeks high was 486.75. This share yields a high amount of dividends which is 2.71%, and this increases the profits earned by investors.
Sundaram Finance Ltd. – Top NBFC Stocks to buy in India
Sundaram Finance Ltd. is a leading non-banking finance company that has been serving with premium financial services since 1954. Its share is considered as a Top NBFC Stocks in India and finds the ninth place in this list.
The stock has emerged successfully from its 52 weeks low and currently has caught up with the momentum efficiently. Sundaram Finance stock has suffered 52 weeks low of 982.05 and the 52 weeks high of 1784.95.
The net worth of this 66-year old financial company is Rs. 15244.01 crores. Investors are eligible for earning a dividend of 0.95% by holding this share.
L&T Finance Holdings Ltd. – Non-Banking Finance Stocks to buy
The final name in the list of the Top 10 Non-Banking Finance Stocks to buy in India is of L&T Finance Holdings Ltd. It is a subsidiary of the Larsen and Toubro Group, and its net market worth is Rs.12760.88 crores.
L&T Finance Holdings shares yield a dividend of 1.41% that adds to the profit account of shareholders.
The company has bounced back successfully from its 52 weeks low and currently its share look suitable for the right amount of investment.
The 52 weeks low was 45.90, whereas the 52 weeks high was 134. Market experts bank on this share for its exceptional performance in the past few years.
NBFC Stocks to Buy – Conclusion
Readers will find all the essential details about the best NBFC Shares to buy in this country.
All these shares have been performing excellently in the stock market, and they have managed to yield good returns for shareholders.
However, investors should study a stock very closely and then choose from the best Non-Banking Finance Stocks to buy in India.
It will ensure that their investment is safe, and a fair amount of profit is guaranteed.
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