Macquarie has come out with a report on non-banking financial companies (NBFCs). The brokerage house believes that the collection data should hold up well in Q3 for most of the NBFCs while the growth outlook is a bit weak.
According to Macquarie, the auto industry should see a margin expansion and hence the brokerage firm has raised the target price on Mahindra and Mahindra Financial Services, Shriram Transport Finance and Cholamandalam Investment and Finance.
CNBC-TV18’s Nimesh Shah has more details.
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(Edited by : Niral Sharma)
First Published: IST