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Chola Fin, IDFC: 5 NBFC stocks to invest for short-to-medium term gain

Major Non-Banking Financial Company (NBFC) shares could offer significant gains from a short-to-medium term perspective, as their present formations on technical charts illustrate a long-term upside.

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Selective NBFC stocks are ready to scale higher levels

Avdhut Bagkar Mumbai

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Shares of Manappuram Finance and Cholamandalam Investment and Finance Company will be in spotlight after the former reached a new 52-week high and latter sets a new historic peak.

Major Non-Banking Financial Company (NBFC) shares could offer significant gains from a short-to-medium term perspective, as their present formations on technical charts illustrate a long-term upside. 

Shares of Cholamandalam Investment and Finance Company, IDFC, L&T Finance Holdings, Manappuram Finance and Mahindra & Mahindra Financial Services have evolved with bullish structures that may delight trading and investing community if they manage to enter at key levels.

For instance, Cholamandalam Investment and Finance

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First Published: Apr 19 2023 | 11:35 AM IST

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