Shares of Shriram Finance are expected to remain in focus after multiple brokerage houses reiterated positive ratings and adjusted their target prices on the stock.
Goldman Sachs maintained a ‘Buy’ rating on Shriram Finance and raised the target price to Rs 816 per share. Similarly, Jefferies also reiterated a ‘Buy’ call and increased the target price to Rs 775 per share.
CLSA maintained an ‘Outperform’ rating and raised its target price to Rs 735 per share. Citi also continued with an ‘Outperform’ stance, revising its target price upward to Rs 750 per share.
Among other brokerage updates, HSBC maintained a ‘Buy’ call but cut its target price to Rs 740 per share. Macquarie too retained a ‘Buy’ rating while lowering the target to Rs 740 per share. Nomura maintained a ‘Buy’ recommendation with a target price of Rs 700 per share. Meanwhile, Morgan Stanley kept its ‘Buy’ call unchanged with a target price of Rs 750 per share.
Brokerages cited Shriram Finance’s steady growth outlook and operational resilience as key positives supporting their views.
Disclaimer: This article is for informational purposes only. Investors are advised to consult certified financial advisors before making any investment decisions.
