INBFC stocks 1 buy: Don paint them with same brush: & NBFCs wi_tage, with upside potenal of up to 25%. The anomie Times 1/03/24, 9:45 AM manage them before they become a real trouble. On the first point, itis the ability to raise capital at a cheaper cost because of their parentage which becomes a major factor in ensuring that cost of capital is low and spreads better. On the second, a number of them have also implemented tech solutions both from growth and controlling non performing assets NPAs. When it ‘comes to cost of capital, if one looks at the interest rate at which these strong parent backed companies are able to raise money it is clear that both retail and corporate debt markets believe in their ability to pay back in time. We take a look at four companies from the sector, which have seen many ups and downs, both economic cycles and industry specific issues and still have been able to grow. This is not say that if there are more problems which come out these stocks will not lose weight but probability that once the dust settles, they will be the first one tomake an attempt to raise their heads. NBFC - Upside potential Maro, 2008 Cholamandalam imvestment 7 wy 4s Finance oo M&M Financial. 6 ‘Buy 3 25.5 38.2 13.0 ShiamFinance = 8 = Bly ms 502,195 omen 6 wy on 431578 a > + caleulate rom highest pice target given by analyte About Companies Cholamandalam Investment and Finance Company Limited is an equipment financing company. The Company offers financial services, including vehicle psilconomicties inaatimescom/marketsctocks/neus(dont-painth-upside-potenial-of up-to 26jrintprimumortcle/108961038.ns Page 2 of