HSBC has reiterated its Buy rating on Shriram Finance, increasing the target price to ₹3,725 from ₹3,600, indicating a potential upside of approximately 19.5% from the current market price of ₹3,118.00.
Key Takeaways from HSBC’s Report
- Strong Q2 Performance: HSBC noted that Shriram Finance’s Q2 results reinforced its position as one of the most convincing operating periods since 2010.
- Guidance and Delivery on All Parameters: The company delivered on all key parameters, with guidance reiterated, showing no misses in asset quality or growth.
- Increased Target Reflects Competitive Strength: HSBC raised the target price to reflect Shriram Finance’s strengthening competitive positioning.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
