BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains buy on Shriram Transport Finance Company
SHTF has been off investors radar and underperformed the Bankex by around 20% over the past 1 year due to a few overhangs demonetisation, cyclical downturn, NPL transitioning, scrappage policy implementation and management change. However, at this juncture, we perceive cyclical/tactical tailwinds will drive performance. Given its undisputed leadership and niche positioning, we expect SHTF to deliver RoE of% by FY19E.