JM Financial - Cup & Handle Breakout- Safe above 117. SL-91
With Bajaj Housing IPO coming in, Market is cheering and all NBFC/Brokerage stocks are seeing a run.
The stock has formed cup and handle pattern and a breakout is expected above 117.
Safe Entry above 117, for targets of 140/155/180.. with stop loss of 91.
NBFCs (Non-Banking Financial Companies) have been experiencing a surge in their stock prices in India due to several factors:
Economic Recovery: India's economy has been steadily recovering from the pandemic, leading to increased demand for loans and financial services. This has benefited NBFCs, which play a crucial role in providing these services.
Low Interest Rates: The Reserve Bank of India (RBI) has maintained relatively low interest rates to stimulate economic growth. This has made borrowing cheaper for both individuals and businesses, which has increased demand for NBFC loans.
Government Support: The government has implemented various measures to support the NBFC sector, including providing liquidity and relaxing regulatory requirements. This has helped to boost investor confidence in the sector.
Digital Transformation: NBFCs have been embracing digital technologies to improve their efficiency and reach a wider customer base. This has made them more attractive to investors.
Consolidation: The NBFC sector has seen some consolidation, with larger players acquiring smaller ones. This has led to increased market share and improved financial stability for the larger players.
Other stocks that one can consider are : JIO Finance / Poonawalla / Geojit
Disclaimer : Educational Content. Please do your own research.
The stock has formed cup and handle pattern and a breakout is expected above 117.
Safe Entry above 117, for targets of 140/155/180.. with stop loss of 91.
NBFCs (Non-Banking Financial Companies) have been experiencing a surge in their stock prices in India due to several factors:
Economic Recovery: India's economy has been steadily recovering from the pandemic, leading to increased demand for loans and financial services. This has benefited NBFCs, which play a crucial role in providing these services.
Low Interest Rates: The Reserve Bank of India (RBI) has maintained relatively low interest rates to stimulate economic growth. This has made borrowing cheaper for both individuals and businesses, which has increased demand for NBFC loans.
Government Support: The government has implemented various measures to support the NBFC sector, including providing liquidity and relaxing regulatory requirements. This has helped to boost investor confidence in the sector.
Digital Transformation: NBFCs have been embracing digital technologies to improve their efficiency and reach a wider customer base. This has made them more attractive to investors.
Consolidation: The NBFC sector has seen some consolidation, with larger players acquiring smaller ones. This has led to increased market share and improved financial stability for the larger players.
Other stocks that one can consider are : JIO Finance / Poonawalla / Geojit
Disclaimer : Educational Content. Please do your own research.
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