Shriram Finance’s stock climbed 5.42% to ₹3,260.25 on the NSE at 9:17 AM today, driven by robust Q2 results and favorable ratings from major brokerages. The company reported an 18.3% year-on-year increase in profit to ₹2,071.3 crore and a 16.4% rise in Net Interest Income (NII) to ₹5,606.7 crore, demonstrating strong financial performance.
Brokerages including Nomura, HSBC, and Kotak Institutional Equities have reiterated their Buy ratings on Shriram Finance, citing the company’s stable asset quality, high growth trajectory, and competitive positioning in the financial sector. Nomura has set a target price of ₹3,800, implying a significant upside.
The combination of solid Q2 results and brokerage endorsements has generated renewed interest in Shriram Finance among investors.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
