Morgan Stanley has maintained its “Overweight” rating on Shriram Finance, with a target price of ₹4,200, indicating a 49.5% upside from the current market price of ₹2,809.00.
The company expects medium-term loan growth to range between 15-20%, maintaining 15% as its official guidance. Management attributed loan book growth above 15% to a favorable economic environment. Additionally, Shriram Finance expects net interest margins (NIM) to remain largely stable and aims to deliver a return on equity (ROE) above 16%.
Disclaimer: This report is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making investment decisions
