Should you buy/sell Shriram Finance shares?

ZeeBiz WebTeam Aug 20,2024

Should you buy/sell Shriram Finance shares?

[{"selector":"#anim-d87216e2-c91b-4c63-abc9-f66921fad08d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(4.145567639332402%, 22.579866979529253%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-50e8af14-2849-479c-95a6-ba5540fc805e","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-5cc4afe9-81b7-4b2a-8b4b-211a9da4a5d6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Here's what analysts make of non-banking financial company (NBFC) Shriram Finance's shares.

HSBC maintains 'buy' rating

[{"selector":"#anim-f6e45edf-43db-4e07-901d-ee6b39806605 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.1630558905489345%, -23.58490088996806%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ed0adad1-66dd-489e-a7b1-cdb8f8dcff84","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-302a03c1-1470-4015-aedf-744e7a2bea6c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The brokerage has raised its target to Rs 3,600 for the stock from Rs 3,340.

How HSBC views Shriram Finance

[{"selector":"#anim-4244a4d9-c2dc-4714-a9cc-7161319713cc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.900158412019662%, 21.492214789141187%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6ca2b6f7-f0f1-4233-823c-7d7df5940217","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-8faef570-6055-4604-87f4-2c5fd3f42c57","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] According to the brokerage, the NBFC remains heavily dependent on its vehicle finance portfolio despite its diversification efforts.

AUM slowdown to be negative: HSBC

[{"selector":"#anim-219f4ef7-ca55-4077-81bd-19b0b25b5cbd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(23.584905660377366%, -23.58490088996806%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7c8e62b2-8ae2-4410-a40a-df3ba5fd1f08","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-c3926029-a3cf-401d-9a5d-230e1fcac238","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] According to the brokerage, disproportionate stress in Shriram Finance's personal loan portfolio could impact the NBFC's confidence on the asset quality front.

Should you buy/sell Shriram Finance shares?