18 Sep 2025 | 5 Mins Read
Private banks, NBFCs, defense stocks seen boosting market growth
Flipitmoney
Rahul Shah of MOFSL cited domestic macro factors driving Indian market rally. He picked banking, specifically HDFC, ICICI, and SBI, expecting 20% growth from FY26 to FY28 due to robust balance sheets and healthy credit growth. Additionally, he recommended NBFCs, HFCs, and electronics stocks like Dixon Technologies, and select defence stocks with attractive valuations.