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You can buy non-banking finance companies stocks this time.

February 25, 2013

Today (25 February 2013) Technical Analysis has figured out one of the non-banking finance sector.

Reserve Bank of India (RBI) on Friday (22 Feb 2013) issued final guidelines for grant of new banking licenses and invited applications from aspirants for non-banking finance companies. L&T Finance Holdings, M&M Financial Services rally on new banking licence norms.

1 – Mahindra & Mahindra Financial Services Limited (MMFSL)

Mahindra & Mahindra Financial Services Limited (MMFSL) is one of the leading non-banking finance companies in India. It is among the top 500 Indian companies by market capitalization.

MMFSL is focused on providing financing for Utility Vehicles (UVs), Tractors, Commercial Vehicles, Used Vehicles and Cars in the rural and semi-urban sectors.

MMFSL is a subsidiary of Mahindra & Mahindra Limited, a leading tractor and UV manufacturer with more than 60 years’ experience in the Indian market. Focused on the rural and semi-urban sectors, MMFSL has nationwide distribution with one of the largest network of branches. Mahindra Finance has a presence spread over 600+ locations across India.

Mahindra & Mahindra Financial Services Limited (MMFSL) is listed in stock exchange as “A” Group.

2 – L&T Finance Holdings – L&T Finance Holdings, a subsidiary of engineering & construction major Larsen & Toubro.

L&T Finance Holdings is listed in stock exchange as “T” Group.

Disclosure: It is to safe to assume that we may or may not have personal interest in views expressed above, we may hold these stocks in personal portfolio, traders should take own risk while trading in stock markets.

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