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NBFCs stocks rise on FM allowing FIIs, FPIs investment in debt securities issued by NBFCs

Shares of Non-Banking Financial Companies (NBFCs) edged up as Finance Minister has allowed FIIs and FPIs investment in debt securities issued by NBFCs and fundamentally sound NBFCs to keep getting funding from banks.

Magma Fincorp is currently trading at Rs. 130.00, up by 0.20 points or 0.15% from its previous closing of Rs. 129.80 on the BSE. The scrip opened at Rs. 129.20 and has touched a high and low of Rs. 130.00 and Rs. 128.20 respectively. So far 474802 shares were traded on the counter.

Bajaj Finance is currently trading at Rs. 3746.00, up by 14.90 points or 0.40% from its previous closing of Rs. 3731.10 on the BSE. The scrip opened at Rs. 3739.95 and has touched a high and low of Rs. 3761.35 and Rs. 3720.90 respectively. So far 19677 shares were traded on the counter.

Can Fin Homes is currently trading at Rs. 366.80, up by 8.65 points or 2.42% from its previous closing of Rs. 358.15 on the BSE. The scrip opened at Rs. 360.00 and has touched a high and low of Rs. 380.00 and Rs. 357.00 respectively. So far 109240 shares were traded on the counter.

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