Watch out for these Financial Services Sector stocks that hit over 118 per cent in just 1 month; do you own any?
The BSE Financial Services Index is up by 0.54 per cent in 1 day and over 9 per cent in a month.
On Friday, at the closing bell, BSE Sensex Index and NSE Nifty-50 ended the trading session in the green. Both headline indices were up by 0.75 per cent each.
India has a diversified financial sector undergoing rapid expansion both in terms of strong growth of existing financial services firms and new entities entering the market.
However, the financial sector in India is predominantly a banking sector with commercial banks accounting for more than 64 per cent of the total assets held by the financial system.
The Government of India has introduced several reforms to liberalise, regulate and enhance this industry.
The BSE Financial Services Index is up by 0.54 per cent in 1 day and over 9 per cent in 1 month.
Following are the Financial Services Sector stocks that hit over 118 per cent in just 1 month:
Do you own any of these stocks in your portfolio?