IIFL Research's Recommendation: Buy Shriram Finance with Target Price ₹ 2525
IIFL Research has buy call on Shriram Finance with a target price of Rs 2525. The current market price of Shriram Finance is Rs 2466
About Shriram Finance:
Shriram Finance is a leading financial services company in India, primarily focused on two-wheeler financing. It offers a range of financial products, including two-wheeler loans, personal loans, business loans, and gold loans. The company operates through a wide network of branches and business partners across India. Shriram Finance is a part of the Shriram Group, a diversified financial conglomerate. It is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India. The company has a strong track record of financial performance and has consistently maintained high levels of asset quality. Shriram Finance is recognized for its innovative and customer-centric approach, making it a trusted financial partner for its customers.
52 Week Price Trend:
SHRIRAMFIN, currently trading at Rs. 2466, has had a notable rise from its 52-week low of Rs. 1190. However, it remains below its 52-week high of Rs. 2535, indicating a potential for further growth if market conditions remain favorable. Investors should analyze the company's fundamentals, technical indicators, and overall market sentiment before making any investment decisions.
Stratzy's Analysis:
Stratzy's MOST framework evaluates four key pillars: Management, Outlook, Safety, and Trend. Based on this assessment, SHRIRAMFIN has been assigned an AA- rating, indicating Medium Fundamental Risks. This rating suggests that the company has overall solid performance and stability in these areas, with some areas of room for improvement.
Company's Fundamentals:
SHRIRAMFIN, a leading non-banking financial company, offers investors compelling value. Its Stock PE ratio of 14.06 indicates that it is undervalued compared to similar companies. The PB Ratio of 2.02 suggests that the company's market price is double its book value, indicating potential growth prospects. Additionally, the Dividend Yield of 1.41% provides a steady stream of income for shareholders, showcasing the company's commitment to rewarding investors. These metrics collectively paint a favorable picture for investors considering SHRIRAMFIN.
Fundamental and Technical information provided in this blog were last updated on 09 Mar, 2024
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