Shriram Finance shares jumped over 3% in Monday morning trade after global brokerage Jefferies maintained its Buy rating on the stock, with a target price of ₹800. The upbeat sentiment follows the company’s Q1 FY26 results, which were broadly in line with estimates.
The non-banking finance company reported a net profit of ₹21.5 billion, marking a 9% year-on-year rise. The performance was aided by lower provisioning, which helped offset higher operating expenses. Assets under management (AUM) grew 17%, matching market expectations.
Although net interest margin (NIM) rose sequentially, it fell slightly short of estimates due to higher liquidity drag. However, Jefferies highlighted key positives — a sequential decline in gross Stage 3 assets (GS3) and lower-than-expected credit costs — which eased investor concerns around asset quality.
In today’s session, the stock opened at ₹615.85 and touched a high of ₹638.85. It has traded between ₹493.35 and ₹730.45 over the past 52 weeks.
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