Shares of non-banking finance companies (NBFCs) Shriram Finance, IIFL Finance, and L T Finance reached record highs, with Shriram Finance's stock surging 19% in the past month. This rise is partly attributed to Shriram Finance's proposed transaction with MUFG Bank, which is expected to invest ₹39,618 crore for a 20% stake, potentially boosting its capitalisation and profitability. IIFL Finance and L T Finance also saw significant gains, outperforming a subdued market.