Shares of NBFCs such as IDFC and L&T Finance Holding Ltd rallied over 3 per cent in trade on Tuesday on hopes that they are the leading contenders to receive banking licences in a process seen entering its final stretch, dealers say.
Reacting to the news, IDFC rallied as much as 3.7 per cent in intraday trade, while L&T Finance Holdings rose nearly 4.9 per cent in trade today.
Reacting to the news, IDFC rallied as much as 3.7 per cent in intraday trade, while L&T Finance Holdings rose nearly 4.9 per cent in trade today.
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