Microfinance companies that hold permission to set up small finance banks and recently went public have become the new market darlings.
Strong growth in microfinance sector in the past year has fuelled a rally in shares of Ujjivan Financial Services Pvt. Ltd and Equitas Holdings Ltd.
The gains extended on Friday, with the forecast of an above normal monsoon seen as the immediate trigger for gains.
For more on this story visit the following link: Small finance banks: The new market darlings