After careful analysis of companies that consistently grow cash from their operation, only 7 stocks have made the cut which have gained over 100 per cent in the last 5-year time frame.For this analysis, Nifty 500 companies were considered which were able to increase their operating cash from each preceding fiscal year since FY18. To examine further only companies with Debt-to-equity (D/E) ratio less than 0.5x in FY22 were picked. (Data Source: ACE Equity).
RBI puts Bajaj Fin on notice over co-branded cards
The Reserve Bank of India has issued a letter of ‘displeasure’ to Bajaj Finance for failing to identify customer risks in its co-branded credit card