Sundaram Finance - Strategy Of Diversification Paying Off; Growth Outlook Strong: Nirmal Bang

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..Nirmal Bang Report.We hosted the management of Sundaram Finance Ltd. as a part of our Virtual Investor Conference. Key takeaways from the meeting include: Expect overall growth of 8-10% for the auto industry led by medium and heavy commercial vehicle, retail commercial vehicle and construction equipment segments. While H1 FY25 could see a disruption in economic activity due to elections, growth in H2 FY25 is likely to be strong. Focusing on gaining market share in the MHCV, retail cv and tractor segments and expanding in new geographies through 'sub-branches.' Within micro, small and medium enterprise/ home finance, it is targeting southern states.Will be cautious on asset quality trends at a system level in the near-term due to likely stress emanating from states going into elections We have an 'Accumulate' on Sundaram Finance and value its standalone business at Rs 2,752 (3.7 times Dec-25 adjusted book value) and assign a value of Rs 798 to subsidiaries with a 20% holding discount to arrive at a target price of Rs 3,550..Click on the attachment to read the full report:.Muthoot Finance Q3 Results Review - Steady Quarter; B/S Growth In Tandem With Gold Price Movement: Systematix.DISCLAIMERThis 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.

Sundaram Finance - Strategy Of Diversification Paying Off; Growth Outlook Strong: Nirmal Bang

Cautious on asset quality trends

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