Shriram Finance Ltd (SHRIRAMFIN)

Bullish Signals for Shriram Finance Ltd - 18 May, 2024

Technical analysis suggests a potential reversal from downtrend to uptrend for Shriram Finance. A double bottom structure has been established, and there is bullish divergence in the daily stochastic indicator. It is recommended to buy in the price range of Rs 2,345-2,365 with a target of Rs 2,460 and stop-loss at Rs 2,300.

Shriram Finance Sells Housing Finance Arm to Warburg Pincus - 15 May, 2024

Shriram Finance's stock rose over 5% after announcing the sale of its housing finance arm to Warburg Pincus for Rs 4,630 crore. The move will allow Shriram to focus on vehicle finance and small business lending. Warburg has committed to investing an additional Rs 1,000 crore in Shriram.

Shriram Finance Sells Housing Finance Business to Warburg Pincus - 14 May, 2024

Shriram Finance has approved the sale of its subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore. The transaction is expected to increase capital available for financing commercial vehicles and small businesses. Shriram Finance plans to focus on its core business while Warburg Pincus may invest Rs 1,000 crore in SHFL post-deal.

Warburg Pincus Acquires Shriram Housing Finance - 13 May, 2024

Private equity firm Warburg Pincus has acquired Shriram Housing Finance Limited from Shriram Finance and Valiant Partners for Rs 4,630 crore. Following the conclusion of this transaction, SHFL will operate as a standalone entity.

Goldman Sachs Expects Shriram Finance to Outperform M&M Financial Services - 10 May, 2024

Goldman Sachs predicts that Shriram Finance will outperform Mahindra & Mahindra Financial Services in terms of return metrics, with a 300 bps higher CAGR over FY24-FY26. The brokerage maintains a buy rating on Shriram Finance and expects it to achieve a 23% EPS CAGR over FY24–26E based on improving ROAs, stable credit costs, and operating leverage. Goldman reduced M&M Financial Services' target price by 13%, while maintaining Shriram Finances' target price.

Shriram Finance Reports 57% YoY Surge in Q4 Net Profit - 02 May, 2024

Shriram Finance reported a significant increase in its consolidated net profit for Q4 of FY23-24, reaching Rs 2,021.28 crore, up from Rs 1,288.18 crore the previous year. Analysts attribute this to the successful merger of Shriram Transport Finance and Shriram City Union Finance.

Mubadala and Warburg Pincus in Talks to Acquire Controlling Stake in Shriram Housing Finance - 01 May, 2024

Shriram Housing Finance reported a 67% YoY growth in Q4 PAT to Rs 62.1 crore, with disbursals jumping 77% YoY to Rs 2,302 crore. Mubadala Investment Company and Warburg Pincus are reportedly in talks to acquire a controlling stake in the company's subsidiary. The overall disbursal reached Rs 7,591 crore in the past financial year, while gross stage-3 assets stood at 1.03%. Net interest margin improved by 108 basis points YoY to 7.6%. Total AUM has grown more than threefold in the past three years.

Shriram Finance Ltd. Stock Trades 2.75% Up - 30 Apr, 2024

Shares of Shriram Finance Ltd. traded 2.75% up at Rs 2559.5, with a price-to-earnings ratio of 13.75 and EPS value of 196.02. The MACD signalled a bullish bias on the counter.

Shriram Finance Reports Strong Q4 Results; Analysts Recommend Buying Shares - 29 Apr, 2024

Shriram Finance's consolidated net profit for Q4FY24 increased by 56% YoY, while the company expects its gross stage-3 loans to decline to 5% by the end of FY25. Motilal Oswal recommends buying shares with a target price of Rs 2950 due to potential monetization of stake in Shriram Housing.

Shriram Finance Reports Strong Financial Results - 28 Apr, 2024

Shriram Finance reported strong financial results with a significant increase in revenue and profits both YoY and QoQ. The company also forecasts strong revenue growth for the next three years.

Shriram Finance Reports Strong Q4 Results and Recommends Dividend - 26 Apr, 2024

Shriram Finance introduces digital-only RDs and FDs with varying interest rates. The company reports a strong Q4 performance with a 48.73% YoY rise in PAT and recommends a final dividend of Rs 15 per share.

Shriram Finance Gains as Motilal Oswal Recommends 'Buy' - 24 Apr, 2024

Shriram Finance Ltd gained for the third consecutive session and is currently quoting at Rs 2454.8 on NSE. Motilal Oswal has recommended a 'Buy' rating on the stock with a target price of Rs 2,900.

Shriram Finance Increases Interest Rates on Digital-Only RDs and FDs - 22 Apr, 2024

Shriram Finance has increased interest rates on digital-only recurring deposits (RDs) by 35-40 basis points and launched a special 15-month digital-only fixed deposit (FD). The new interest rate for the RD/FIP is between 8.50% to 9%, with an additional 0.10% interest rate for women depositors. Minimum deposit amount is Rs 1000 per month.