JM Financial names 9 NBFC stocks as top picks amid rate hike cycle

Amid a backdrop of rising interest rates and volatile bond yields, JM Financial has identified nine non-banking financial companies as top stock picks for investors. The selected NBFCs display varied performance across different timeframes, with some stocks declining while others have achieved solid gains.

JM Financial advises investors to closely examine net interest margin dynamics and asset quality trends when evaluating these picks. The analysis underscores the importance of understanding how individual NBFCs are navigating the current rate environment.