Shriram Finance has garnered attention from multiple brokerages following its recent performance, with analysts offering positive outlooks on the stock’s resilience and growth trajectory. Here’s a summary of the latest recommendations:
- Nomura: Reiterates Buy with a target price of ₹3,800, suggesting a 21.9% upside from the current market price of ₹3,118. Nomura highlighted Shriram Finance’s consistent delivery on key metrics and noted the attractive valuations. The brokerage is optimistic about margin expansion and asset quality improvements, with a positive outlook on the company’s competitive positioning.
- HSBC: Maintains Buy with a target price of ₹3,725, indicating a 19.5% upside. HSBC commended Shriram Finance’s Q2 performance as one of the best-operating quarters in over a decade, with asset quality metrics holding steady. The brokerage highlighted Shriram’s guidance and delivery across key financial parameters as positive indicators.
- Kotak Institutional Equities: Assigns a Buy rating with a target price of ₹3,700, implying an upside of approximately 18.6%. Kotak Institutional highlighted Shriram Finance’s steady performance amidst sector-wide asset quality concerns, driven by a growth trajectory of around 20%, stable Net Interest Margins (NIMs), and high-teens Return on Equity (RoE). Kotak emphasized that high growth in MSME and tractor segments, both essential areas for Shriram, remains monitorable for asset quality trends.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
