Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1051.00
Change Change %
-33.15 -3.06%

Updated:18 Jul, 2019, 15:48 PM IST

BSE
1048.25
Change Change %
-36.10 -3.33%

Updated:18 Jul, 2019, 15:45 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
28-04-2017 Buy 1030.30 1334.00
N/A
Target Hit Long (1Y)
28-04-2018

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. 

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