Here's what analysts make of non-banking financial company (NBFC) Shriram Finance's shares.
The brokerage has raised its target to Rs 3,600 for the stock from Rs 3,340.
According to the brokerage, the NBFC remains heavily dependent on its vehicle finance portfolio despite its diversification efforts.
According to the brokerage, disproportionate stress in Shriram Finance's personal loan portfolio could impact the NBFC's confidence on the asset quality front.