M&M Finance, SBI Card: Financiers eye over 10% upside amid festive cheer

Among consumer financiers, Mahindra & Mahindra and Cholamandalam Investment look strong on charts, while Bajaj Finance and Muthoot Finance need to overcome key hurdles for an upside, indicate charts.

With the festive season just a fortnight away, India Inc will be looking for a healthy sales volume this year on the back of pent-up demand with the easing of pandemic-related worries.

This also bring in focus, consumer finance related stocks. A Crisil report recently pointed out that non-bank lenders' asset growth is expected to jump to a four-year high of 11-12 per cent this fiscal. Fundamental analysts suggest investors can warm up to related stocks but with caveats. WATCH VIDEO
 

Technically, the broader market trend looks positive with the BSE Sensex and Nifty 50 overcoming the respective