Bajaj Finance, L&T Finance poised to benefit as NBFC earnings recovery broadens: Siddhartha Khemka

Bajaj Finance and L&T Finance are likely to see their earnings improve as the non-banking finance company (NBFC) sector in India continues to show signs of recovery. This recovery is driven by stronger loan growth, better asset quality, and lower credit costs, which are all key indicators of a company's financial health. As a result, earnings estimates for these NBFCs are being upgraded, suggesting that investors may see a potential increase in their valuations.

Why it matters

India's NBFC sector is showing signs of a broad-based cyclical recovery, with stronger loan growth and improving asset quality. This could lead to increased investor confidence and higher stock prices for companies like Bajaj Finance and L&T Finance.

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