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    Sectoral dynamics to help microfinance scrips: 5 stocks with up to 26% upside potential

    Synopsis

    An improvement in economic activity, rising credit demand, diversification of loan mix and attractive valuations are likely to drive the performance of microfinance institutions.

    After witnessing strong headwinds in 2020-21 and 2021-22, the performance of microfinance institutions (MFI) improved in 2022-23 as the Covid-19 pandemic subsided. Experts believe that microfinanciers will continue to see enhanced performance in 2023-24. Brokerage reports from AnandRathi, ICICI Securities, and JM Financial, and notes from rating agencies ICRA, CareEdge and CRISIL remain positive on MFIs.How has the pandemic impacted MFIs?The
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    The Economic Times