Which stocks may benefit from credit cover scheme ECLGS 5.0?
Government has approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Brokerage firm B&K Securities India said the move is sentimentally positive for banks and NBFCs. Within NBFCs, Bajaj Finance, L&T Finance, SBFC Finance and UGRO Capital are expected to benefit the most. In aviation sector, IndiGo is likely to be among the top beneficiaries of the scheme's dedicated credit window.