4568.5000 -106.50 (-2.28%)
NSE Aug 01, 2025 15:31 PM
Volume: 58,832
 

4568.50
-2.28%

Sundaram Fin

Centrum Broking
We retain Buy on Sundaram Finance (SUF) and revise our SOTP based TP upwards to Rs2,240. The upward revision to TP follows a) second successive year of 15%+ YoY growth in AuM b) improved profitability (adjusted PAT grew 16% YoY) and c) superior asset quality (GNPA at 1.29%, industry best). Subsidiaries - housing finance, AMC and general insurance remain profitable and contribute meaningful to overall earnings. Commentaries on growth, earnings and asset quality remain encouraging and we have factored the same into our estimates. Valuations...
Sundaram Finance Ltd. is trading below all available SMAs
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