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Shriram Finance Gets 'Buy' As Axis Securities Initiates Coverage, Sees 30% Upside

Shriram Finance has dominant position in used CV financing; market share gains likely, says the brokerage.

<div class="paragraphs"><p>&nbsp;Shriram Finance has been able to deliver strong AUM growth of ~20% CAGR over the&nbsp; two years post-merger, while continuously improving asset quality.</p><p>(Photo: Pralhad Shinde/ Source: NDTV Profit).</p></div>
 Shriram Finance has been able to deliver strong AUM growth of ~20% CAGR over the  two years post-merger, while continuously improving asset quality.

(Photo: Pralhad Shinde/ Source: NDTV Profit).

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.
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