New Delhi, Oct. 12 -- As the second quarter earnings season has started, brokerage firm HDFC Securities has recommended non-banking financial companies (NBFC) stocks to add in the portfolio ahead of Q2 results FY27.

The brokerage firm highlighted that NBFC credit growth has sustained the growth momentum in Aug-26 (16% YoY), driven largely by retail and services segment.

"Not withstanding the global headwinds, the credit revival has remained strong across Banks and NBFCs in FY27, with industry segment driving the growth surge for Banks. Retail segment across vehicle, housing, unsecured credit and gold continue to witness uptick in loan growth," the firm said in a note.

The brokerage firm further highlighted that global challenges, inclu...