Shriram Finance Ltd. share price target

SHTF reported decent earnings during Q3FY22. Higher provisions led by the need to restrict NNPAs to 4% (in-line with RBI norms) offsetting the improved funding costs benefits and lower opex brought about marginal beat to...

However, on positive side this merger (a) removes long standing overhang on SHTF stock, alongside streamlining the whole structure (b) gives birth to one of the largest retail NBFCs (with combined: AUM:Rs1520bn, branches:...

Much awaited merger announced

Steady quarter with positive outlook ; Retain BUY'

Asset quality outcome better than expectations

Healthy disbursements; NIM and credit costs surprise negatively Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for...

stood healthy at YoY levels as a result of strong existing proposals pipe-line. Going forward, re-rating from current levels would be an outcome of ultimate credit loss which will be function of performance of perceivable stress pool...

Upgrade MMFS to HOLD (earlier REDUCE) on higher EPS expansion Our channel checks indicate that commercial vehicle (CV) finance business is expected to accelerate on the back of healthy demand conditions, anticipated improvement in supply chain and resilient balance sheets of financiers. They suggest (a) disbursements stand 80% of last year levels; ECLGS provides some boost (b) regulatory dispensations (restructuring/ ECLGS) mask true asset quality picture, but CV financiers' balance sheets remain resilient (c) new business asset quality intact, stress in seasoned...

Shriram Transport Finance Company's (SHTF) Q3FY21 numbers were marginally higher than our estimates

Shriram Transport Finance Company Ltd. (SHTF) reported numbers higher than our estimates given better than expected margins