Shriram Finance Limited shares were quoted to ₹ 623.95, by ₹ 31.25 or 4.77 percent in the NSE today at 11.20 am
Multiple financial institutions have issued varied perspectives in Shriram Finance after their latest quarterly results. Institutional Kotak Equity maintained a “purchase” rating with an objective price of ₹ 750, pointing to marginal increases in crime in all segments, but considering these “monitoring, thought -intended” tendencies. Macquarie maintained a “higher performance” rating with an objective price of ₹ 800 despite marking Pat Miss due to lower NIM and higher credit costs.
CLSA maintained its “higher performance” rating, but reduced its objective price to ₹ 670, citing Q4 nii behind the estimates at 5 percent mainly due to a lower NIM driven by a greater licitness of the general balance. HSBC maintained a “purchase” rating while reduced its objective price to ₹ 740, expressing concern for NIM pressure and increased credit costs.
In a significant decrease, Equirus reviewed his “add” rating to “reduce” with an objective price of March 2026 of ₹ 620, citing expectations of moderate growth of loans and Roa, together with the recent rally of the price of the shares.
Meanwhile, the Shriram Finance Board has approved a final dividend or ₹ 3 per action for fiscal year 2024-25, which adds to two previous provisional dividends. The Board also approved the plans to enter payment services through mobile wallets, prepaid cards and Fastag, subject to RBI’s approval. The company has scheduled its 46th AGM for July 18, 2025, and on July 11 it established the record date for the election of dividends.
Posted on April 28, 2025