Vehicle finance NBFCs to see strong performance, says Kotak Equities; upgrades Cholamandalam, Shriram Finance to ‘Buy’
Kotak Equities expects vehicle sales growth to moderate to 3-9%, while core segment growth to decline 200-1,200 basis points (bps) in FY2025 from current levels. Moreover, credit cost is also expected to remain muted at 1.1% - 2.1% for all players.
DNA News Desk
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Kotak Equities expects vehicle sales growth to moderate to 3-9%, while core segment growth to decline 200-1,200 basis points (bps) in FY2025 from current levels. Moreover, credit cost is also expected to remain muted at 1.1% - 2.1% for all players.
