Neutral impactCorporate Action
NBFCs to outpace banks in July-September 2026 quarter; JM Financial picks AB Capital, Piramal
CNBC-TV18 1 hr ago·8 Oct 2026, 6:54 am
Ajit Kumar, Lead BFSI Research Analyst at JM Financial, has identified Aditya Birla Capital, Piramal Enterprises, and Cholamandalam Investment as his preferred picks. His strategy focuses on these companies for their ability to navigate a rising interest rate environment. The analyst remains cautious on gold lending, citing increasing competition despite the sector's continued strong loan growth.
For investors, this report signals a shift in preference towards large, diversified NBFCs that are better positioned to manage higher borrowing costs. It highlights the importance of sector diversification over a single niche. Investors should monitor how these specific companies manage their asset quality and cost of funds in the coming quarters.
Moving forward, the key factor to watch will be the actual loan growth and asset quality of the recommended stocks. JM Financial's preference suggests a focus on stability and resilience. Investors should also keep an eye on broader economic indicators that influence interest rates and the overall demand for credit.
Excerpt from CNBC-TV18
Ajit Kumar, Lead BFSI Research Analyst at JM Financial, prefers Aditya Birla Capital, Piramal Enterprises and Cholamandalam Investment ahead of rising interest rates, while remaining cautious on gold lending as competition increases despite continued strong loan growth. Disclaimer: The views and tips expressed by…Read the original at CNBC-TV18
Affected stocks
Neutral2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns JM Financial (JMFINANCIL).
- Category: Corporate Action.
- Assessed as a significant, market-relevant update.
- Also mentions ABCAPITAL.
Why it matters
A meaningful update for JM Financial worth tracking. Use the price and stock snapshot to gauge how the market is responding.
