Buy Shriram Finance Ltd For Target Rs.800 by Motilal Oswal Financial Services Ltd
* Estimate disbursements of ~INR442b, leading to AUM of ~INR2.73t (up 17% YoY/ ~4% QoQ).
* Credit cost is likely to remain largely stable QoQ at 2.4%.
* Margin is expected to expand ~10bp QoQ to 8.7%.
* Commentaries on loan growth in CV and asset quality in the 2W and PL segments are the key monitorables.

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