Now Reading: Shriram Finance target cuts mount but no sell ratings yet
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Shriram Finance target cuts mount but no sell ratings yet
The Story in Brief
Shriram Finance shares fell 7% to Rs 810 on Monday, 26 October, extending a two-day decline to 10%, after multiple brokerages cut price targets following its September quarter results. HSBC, CLSA, Citi, Jefferies, and JPMorgan all maintained buy or outperform ratings while trimming targets by Rs 100 to Rs 140, with Jefferies setting the highest target at Rs 1,145. The stock has fallen 30% from its 52-week high of Rs 1,153.65.
The company reported a 59% rise in standalone net profit to Rs 3,677 crore, helped by higher net interest income and lower finance costs, but cut its full-year AUM growth guidance to 15% to 17% from 18% earlier. Management flagged elevated credit costs for the next two to three quarters due to drought-hit regions and the West Asia situation. Despite the near-term headwinds, consensus still implies over 27% upside on the stock.
Indian Opinion Analysis
All three outlets report the same facts: brokerages cut targets on Shriram Finance after its Q2 results, yet none have a sell rating. CNBC-TV18 and Economic Times focus on analyst ratings and target details, with CNBC-TV18 adding management commentary on guidance. Business Standard leads with the stock’s 10% two-day drop and notes GST 2.0 reforms as a profit driver, a detail omitted by the others. None of the sources carry a critical or governmental slant, the coverage is uniform straight reporting on market movements and analyst views. The differences are only in emphasis: CNBC-TV18 and Economic Times frame the story around rating resilience, while Business Standard highlights the price decline magnitude and management’s external risk factors. The balanced reading is that the selloff reflects near-term guidance caution, but analyst consensus still sees upside.
Coverage: 3 sources, 3 neutral
Sources (3): cnbctv18.com (neutral report), economictimes.indiatimes.com (neutral report), business-standard.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 26 October 2026: this story now draws on 3 sources.
