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

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