Bajaj Finserv Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 284322.91 Crore) operating in NBFC sector.

Promoters held 50.0 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 31.06 per cent and 4.89 per cent, respectively.

China Evergrande stock soared as much as 32% in the biggest daily percentage rise since listing in November 2009, after its unit said on Wednesday it had "resolved" a coupon payment on an onshore bond.

The Relative Strength Index of the stock stood at 50.02 on Thursday.

A total of 426,587 shares changed hands on the counter till 11:53AM (IST).

The stock quoted a 52-week high price of Rs 1718.45 and a 52-week low of Rs 269.5.

Investors have already identified the opportunity that the company presents. The stock has climbed nearly three times this year. And, analysts see up to 35 per cent more potential upside from current level.

Go for proxy beneficiaries. That way, without taking balance sheet risk, one can invest in the best of the franchises and keep compounding wealth. Automation & innovation is also a big theme as it impacts growth.

All the large and medium players have done quite well in the last few months. DLF and Prestige Estate will be the clear winners in this sector with further upside to come going forward. HFCs are an indirect way to play the theme and HDFC among largecaps and CanFin Homes among smaller stocks are good bets, says Rahul Shah of MOFSL.

“Go for some of the good IT companies which are still available at a discount to the larger players. Compared to TCS or Infosys, HCL Technologies is still available at some discount. Over the next 2-4 quarters, I do not see IT losing its steam. It should continue trading strong.”