Shriram Finance shares slide nearly 3% after Q3 results. Should you invest?

Shriram Finance shares fell 2.6% despite a 73% rise in Q3 net profit to Rs 3,249 crore. Total income increased to Rs 10,705 crore, with asset quality improving. HSBC and Jefferies maintain ‘Buy’ ratings, though both revise target prices slightly lower due to higher costs and balance sheet liquidity. Shriram Finance shares fell 2.6% despite a 73% rise in Q3 net profit to Rs 3,249 crore. Total income increased to Rs 10,705 crore, with asset quality improving. HSBC and Jefferies maintain ‘Buy’ ratings, though both revise target prices slightly lower due to higher costs and balance sheet liquidity.  Economic Times