Experts told Money Control that stocks of small finance banks (SFBs), housing finance banks (, medical equipment manufacturers, health care, banks, NBFCs and hospital sectors will be the biggest beneficiaries of these relief measures.
Mumbai. On May 5, RBI Governor Shaktikanta Das announced relief measures to overcome the second wave of COVID-19 cases. These policy measures are expected to provide special relief to the economy as well as micro, medium and small enterprises (MSMEs), financial and healthcare sector companies.
After the announcement of Shaktikanta Das, on Wednesday, the Indian stock market closed with an edge despite Corona’s record cases. On Thursday, the market is trading in green mark. Which sectors will benefit
Experts pointed out in an interview with the money control that small finance banks (SFBs), Housing Finance Bank (medical equipment manufacturers, health care, banks, NBFCs and will most benefit from these relief measures stocks of hospital sectors.
Das had announced that the purchase of the second phase of government securities (G-Secs) would run till 20 May. Experts said that with the announcement, the announcement of the second tranche of the Rs 350 billion bond is expected to further soften the bond yield. Overall, RBI has done well for banks and NBFCs. Big relief to the health sector
The second major announcement by the Reserve Bank was that the tap liquidity of Rs 50 thousand crore would remain open till March 31, 2022 at the repo rate. This will be for health infrastructure.
Head of PMS, Hem Securities, told Money Control of Mohit Nigam that this new fund in Micro Finance Institutions (MFIs) will help the weaker section industry to fight against Corona. These measures will in various ways provide a support for the financial system, which lends to the small industry. SFBs, HFBs, medical equipment manufacturers, healthcare and hospitals are some of the areas that would benefit the most from relief measures. According to Mohit Nigam, head of PMS, Hem Securities, these stocks will benefit from the long term repo rate facility. Equity Small Finance Bank
These stocks will remain in profit with the financial support of Ujjivan Small Finance Bank
AU Small Finance Bank RBI .. Pauli Medicure Apollo Hospital Nureka Metropolis Healthcare
According to Navim Kulkarni of Axis Securities, DCB City Union Chief Investment Officer, Ujjivan and Equitas are top peaks. MSME lenders DCB and City Union will benefit from these relief measures.