Finance stocks are shares in companies related to banking, insurance, and investment. If you’re someone keen on finance, these stocks might be interesting for you.
Wondering where to start? We’ve got you covered with a finance stocks list to kickstart your trading journey. Dive into the world of finance stocks and pave your way to potential financial growth.
Top Finance Stocks in India
Following are the leading 5 stocks in the financial services sector based on their share price and market capitalization.
1. Bajaj Finance
Founded in 2007, Bajaj Finance Limited stands as an Indian NBFC providing a diverse range of financial products, including loans, wealth management, general insurance, SME loans, consumer finance, and commercial lending.
Beyond retail financing, the company has expanded into IPO financing for High Net Worth Individuals (HNIs).
Bajaj Finance aims to extend its reach to semi-urban and rural areas by introducing new products.
- Bajaj finance share price: Rs. 7,700+ (As of January 2024)
- Bajaj finance market cap.: Rs. 4,74,530 Cr
2. Cholamandalam Investment
Cholamandalam Investment and Finance Company Limited, a non-banking finance company, offers services ranging from vehicle loans and home loans to corporate mortgages and SME loans.
Established on August 17, 1978, it entered the public market later on. Noteworthy achievements of this company include being ranked among India’s top 50 NBFCs. With a team of over 7000, the company has a strong presence in the industry.
- Cholamandalam Investment share price: Rs. 1,200+ (As of January 2024)
- Cholamandalam Investment market cap.: Rs. 1,02,108 Cr
3. Shriram Finance
Shriram Transport Finance Company Limited is a prominent player in India’s financial sector. It offers financing for commercial vehicles.
Established in 1979, the company has gained recognition for providing loans to the transport industry, contributing to economic growth.
Shriram Finance’s business model, focus on asset quality, and widespread presence make it a top choice for investors.
- Shriram Finance share price: Rs. 2,260+ (As of January 2024)
- Shriram Finance market cap.: Rs. 80,758 Cr
4. Max Financial
Max Financial, founded in 1988, is a leading Indian financial services company. Renowned as the country’s largest non-banking private insurance firm, Max Financial is synonymous with excellence in the field.
One of its well-known subsidiaries, Max Life Insurance, has consistently been a preferred choice among insurance seekers in India.
The company, listed on the NSE, has demonstrated remarkable success in the industry, contributing to substantial profits for traders and garnering widespread recognition for its financial services.
- Max Financial share price: Rs. 940+ (As of January 2024)
- Max Financial market cap.: Rs.32,104 Cr
5. Edelweiss Financial
Edelweiss Financial is a top finance stock in India. Serving corporations, institutions, and individuals, the company offers a wide array of products across various asset classes.
With a vast client base exceeding 1.2 million, Edelweiss operates through 450+ offices and employs over 10,000 professionals, ensuring robust services domestically and globally.
As a leading choice for financial solutions, Edelweiss stands out with its extensive reach and commitment to excellence.
- Edelweiss Financial share price: Rs. 75+ (As of January 2024)
- Edelweiss Financial market cap.: Rs. 7,231 Cr
Conclusion
Finance stocks offer diverse investment opportunities for those seeking stability and growth. Doesn’t matter if you are a pro trader or a beginner, you can consider these stocks to diversify your portfolio.
To invest in any of these stocks, consider using the user-friendly Dhan trading platform—an accessible tool for navigating the complexities of the financial market.
