Shriram Transport Finance Ltd. (STFC), one of the largest assets financing NBFC, witnessed marginal increase in bottom-line with PAT at Rs. 303crores in Q3FY12 as against Rs 301crores in the corresponding Q3FY12. GNPA of the firm stood at 2.79% in Q3FY12 whereas NNPA stood at 0.40% as against 0.41% in Q3FY12. Regulatory concerns with respect to NBFCs guidelines, priority sector norms and securitization guidelines may pose few hurdles for the company. But we remain positive on the stock owing to core business strength, healthy capitalization and stable returns. Owing to STFL's niche business model catering to Used CV segment, the company looks attractive for the longer term. We recommend a BUY with a...