NBFC stocks drag up to 35% in 2-days on the RBI action
Other NBFC stocks that saw similar sell-off in the session include stocks like Aditya Birla Capital, Manappuram Finance and L&T Finance among others.
“Sentiments are a bit weak in the NBFC space due to RBI’s restrictive actions against some NBFCs,” Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services noted.