NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
We initiate coverage on Shriram Finance Ltd. with a Buy recommendation. This is supported by-
Potential to improve market share in the used-commercial vehicle segment,
Reduced cyclicity with lower dependence on the CV portfolio,
Diversification of portfolio ensuring healthy AUM growth,
Steady Asset Quality with lower mix of unsecured loans and
Potential to deliver healthy return ratios.
We value the stock at 2.2 times FY27E adjusted book value (versus its current valuations of 1.7x FY27E ABV) and arrive at a target price of Rs 3,825/share, implying an upside of 30% from the current market price.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
RECOMMENDED FOR YOU

Rupee Posts Second Week Of Gains Against Dollar


'Add' UTI AMC Shares Maintains ICICI Securities On Attractive Valuations


Shriram Finance Shares: Nirmal Bang Maintains 'Hold' Rating; Expects Steady AUM Growth In FY26


Shriram Finance- Motilal Oswal's Top Pick In NBFC Sector — Here's Why
