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The Economic Times
The Economic Times
Business
Veer Sharma

UBS upgrades Bajaj Finance shares, LT Finance as it sees NBFCs better placed than banks. Here’s why

UBS Bajaj Finance LT Finance NBFCs NBFC NSE Veer Sharma Gold India SEBI

Shares of Bajaj Finance and L&T Finance gained up to 3% on Wednesday after international brokerage UBS upgraded the two stocks to Neutral and Buy, respectively.

UBS sees scope for a re-rating as the unsecured lending cycle revives. It also expects asset quality to remain robust.

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