5 Best Finance Stocks to Watch in 2023

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The world of finance is always evolving and changing, and as we move further into 2023, it's important to stay on top of the latest trends and developments in the industry. Whether you're an investor looking to invest in finance stocks or just curious about the top players in the finance sector, this article will help you with a comprehensive list. These five stocks are primed to bring some serious green to your portfolio. So sit tight, buckle up, and get ready to ride the finance wave like never before.

1. Bajaj Finance

Bajaj Finance is one of India's leading non-banking financial companies. The company offers various services, including loans, insurance, and investment products. They have a strong presence in the Indian market, with over 47 million customers. 

The revenue has grown from₹ 26,668 Cr in 2021 to₹ 31,632 Cr in 2022. The net profit has also increased from ₹4,419 Cr to more than ₹7,028 Cr in 2022.

- Bajaj Finance Share Price as of April 2023: ₹5,300+

- Market Cap: Around ₹3,58,777 Cr


2. Muthoot Finance

Muthoot Finance offers gold loans, money transfers, and foreign exchange services across the nation and is a popular name, especially for loans against gold. The company has over 5,000 branches nationwide.

The revenue of Muthoot Finance in 2021 was around ₹11,500 Cr which increased to ₹12,184 Cr in 2022. It is expected to grow by 15% approximately in 2023. The company has steady growth and a robust management framework. Despite the pandemic and the market turmoil, the company's net profit has increased from ₹3,818 Cr in 2021 to ₹4,031 Cr in 2022. 

- Muthoot Finance Share Price as of April 2023: ₹1,000+

- Market Cap: Around ₹41,076 Cr

3. Aditya Birla Finance

Aditya Birla Finance is one of the top non-banking financial companies in India. The company offers various financial services, including corporate finance, structured finance, and wealth management.

The revenue for Aditya Birla Finance was ₹19,247 Cr in 2021 which increased to ₹22,229 Cr in 2022. The company had a net profit of  ₹837 Cr in 2021 which increased to ₹1,319 Cr in 2022.

- Aditya Birla Finance Share Price as of April 2023: ₹150+

- Market Cap:  Around ₹39,906 Cr

4. Manappuram Finance

Previously known as Manappuram General Finance & Leasing, Ltd., Manappuram Finance, Ltd. is an Indian company that offers general finance and leasing services. The Company is a non-banking finance company. It provides services for gold loans, auto financing, insurance, currency exchange, mutual fund distribution and more.

The revenue of Manappuram Finance has seen a slight slump in 2022 reaching ₹6,061 from ₹6,330 in 2021. 

- Manappuram Share Price as of April 2023: ₹120+

- Market Cap:  Around ₹10,905 Cr

5. L&T Finance

L&T Finance is an excellent choice for investors seeking to gain exposure to the infrastructure financing market in India. The company offers an extensive range of financial services, including retail and corporate lending, housing finance and investment management services.  

In 2022, L&T Finance's consolidated revenue stood at ₹11,929 Cr, with a net profit of ₹849 Cr.

- L&T Finance Share Price as of April 2023: ₹85+

- Market Cap: Around ₹22,056 Cr

Final Words

With the finance sector expected to grow in the coming years, it can provide a great opportunity for investors to include finance stocks in their portfolios. If you are looking to invest in these stocks, visit Dhan and leverage its research and technical tools to enhance your experience. 

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