Nomura and HSBC maintained ‘Buy’ ratings on Shriram Finance, with target prices of Rs 3,800 and Rs 3,725, respectively. Nomura cites the company’s consistent performance, margin expansion, and improved asset quality. HSBC notes Shriram Finance’s strong Q2 results, highlighting its best operating period since 2010. Nomura and HSBC maintained ‘Buy’ ratings on Shriram Finance, with target prices of Rs 3,800 and Rs 3,725, respectively. Nomura cites the company’s consistent performance, margin expansion, and improved asset quality. HSBC notes Shriram Finance’s strong Q2 results, highlighting its best operating period since 2010. Economic Times
October 28, 2024
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