IDBI Capital Lists 2 NBFC Stocks To Buy For Strong Gains Upto 43%

IDBI Capital has recently come up with a report on the BFSI sector, where it has listed 2 NBFC stocks with Buy ratings. These 2 stocks are Cholamandalam Investment Finance Company Ltd and Manappuram Finance Ltd. Below are the key takeaways of the stocks: IBDI Capital recommended to buy the stock of CIFCL with a target price of Rs 930 apiece. It sees a potential upside of upto 25% from its current level, considering the given target price.The stock last traded at Rs 750.20 apiece on NSE. Its 52 week low is Rs 595.10 apiece and 52 week high is Rs 817.75 apiece, respectively.The stock declined 1.66% in 1 week and 3.96% in 1 month, respectively. It gained 10.99% in 1 year, 145% in 3 years and 158.42% in 5 years, respectively.It is a large-cap NBFC having a market capitalisation of Rs 61,651.98 crore.Advertisement The brokerage recommended investors to buy the stock of Manappuram Finance with a target price of Rs 148 apiece. The stock is likely to have robust gains of up to 43% if purchased at the current market price.The stocks current market price is Rs 106.10 apiece on NSE. It gained 1.87% on Friday compared to its previous close of Rs 104.15 apiece. Its 52 week high is Rs 126.15 apiece and 52 week low is Rs 81.50 apiece, respectively.The stock has gained 2.61% in 1 week. However, it has fallen 8.65% in 1 month and 11.14% in 3 months, respectively. It declined 10.39% in 1 year, 34.53% in 3 years and 1.58% in 5 years, respectively.This is a midcap NBFC-Gold having a market capitalisation of Rs 8,980.23 crore. The stocks have been picked from the brokerage report of IDBI Capital. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.