Nomura has reiterated its Buy rating on Shriram Finance, setting a target price of ₹3,800, which implies a potential upside of approximately 21.9% from the current market price of ₹3,118.
Key Highlights from Nomura’s Report
- Strong Position and Consistent Delivery: Nomura highlighted Shriram Finance’s consistent delivery across metrics, reinforcing its status as a top pick.
- Improved Margins and Asset Quality: The company’s margins expanded quarter-on-quarter, with noticeable improvements in asset quality.
- Attractive Valuations: Nomura finds the current valuations relatively undemanding, adding to the stock’s appeal.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
