India's non-banking cos surge as brokerages see RBI policy boosting growth

Bajaj Finance

09/06/2025 06:48

** India's Bajaj Finance BJFN.NS up 4.2% to hit record high

** Other non-banking financial companies (NBFCs), Cholamandalam Investment CHLA.NS gain 2.8%, Shriram Finance SHMF.NS up 2.5%, while Nifty finance index .NIFTYFIN up 0.9%

** BJFN top gainer in Nifty 50 index .NSEI, which is up 0.5%, while SHMF among top Nifty gainers

** Reserve Bank of India on Friday cut key policy rate by 50 basis points and cut cash reserve ratio by 100 basis points in a surprise move

** RBI's move is positive for NBFCs as they will benefit from low cost of funds - Jefferies

** RBI moves are more conducive for NBFCs -  Emkay Global

** With the cost of funding coming down and stress easing in a few segments, NBFCs are set for profitable growth, brokerage says

** BJFN is up 43% YTD, CHLA up 39% YTD and SHMF up 22% YTD

 (Reporting by Sethuraman NR)

 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net ))