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Buy Shriram Transport Finance Company Ltd For Target Rs.2,196 - Religare Broking Shriram Finance consolidated net interest income increased by 1% QoQ/10.6% YoY driven by healthy growth in AuM along with improvement in yields. Operating profit was up by 24% QoQ/26% YoY as employee cost increased on account of merger integration. Following the growth momentum, PAT too grew by 33% QoQ/27% YoY. Along with growth in profit, margins also saw an improvement as operating/PAT margin increased by 455bps QoQ/220bps YoY and 450bps QoQ/160bps YoY. AuM growth driven by vehicle segme...
Buy Shriram Transport Finance Company Ltd For Target Rs.2,196 - Religare Broking
Buy Shriram Transport Finance Company Ltd For Target Rs.2,196 - Religare Broking
Source: Religare Broking Ltd
1/08/2023 12:00:09 PM
Buy Shriram Transport Finance Company Ltd For Target Rs.2,196 - Religare Broking Shriram Finance consolidated net interest income increased by 1% QoQ/10.6% YoY driven by healthy growth in AuM along with improvement in yields. Operating profit was up by 24% QoQ/26% YoY as employee cost increased on account of merger integration. Following the growth momentum, PAT too grew by 33% QoQ/27% YoY. Along with growth in profit, margins also saw an improvement as operating/PAT margin increased by 455bps QoQ/220bps YoY and 450bps QoQ/160bps YoY. * AuM growth driven by vehicle seg...
Buy Shriram Transport Finance Company Ltd For Target Rs.2,196 - Religare Broking
Buy Shriram Transport Finance Company Ltd For Target Rs.2,196 - Religare Broking
Source: Religare Broking Ltd
30/07/2023 2:46:40 PM
Buy Shriram Transport Finance Ltd For Target Rs. 2250 - ICICI Direct Play on auto financing at attractive valuation About the stock: Shriram Finance (SHF) is large financier with a strong rural presence engaged in credit solution for commercial vehicles, two wheeler, car loans, home loans, gold loans and small business. * As of 31 March 2023, SHF has a huge presence with 2922 branches across India and employee count of 64052, customer base of ~73 lakhs * In November 2022, Shriram group entities - Shriram Transport Finance, Shriram City Union Finance &...
Buy Shriram Transport Finance Ltd For Target Rs. 2250 - ICICI Direct
Buy Shriram Transport Finance Ltd For Target Rs. 2250 - ICICI Direct
Source: ICICI Direct
25/07/2023 3:01:09 PM
Shriram Finance gains on raising Rs 815 crore via NCDs Shriram Finance is currently trading at Rs. 1809.80, up by 28.50 points or 1.60% from its previous closing of Rs. 1781.30 on the BSE. The scrip opened at Rs. 1774.25 and has touched a high and low of Rs. 1857.10 and Rs. 1774.20 respectively. So far 54371 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,857.10 on 21-Jun-2023 and a 52 week low of Rs. 1147.05 on 27-Sep-2022. Last one week high and low of the scri...
Shriram Finance gains on raising Rs 815 crore via NCDs
Shriram Finance gains on raising Rs 815 crore via NCDs
Source: Accord Fintech
21/07/2023 10:35:20 AM
Buy Shriram Transport Finance Ltd For Target Rs.1,875 - JM Financial Institutional Securities Shriram Finance (SFL) PAT declined 26% QoQ to Rs13bn, led by higher opex (amortization of intangibles - all of FY23 impact was clubbed in 4Q itself) and higher credit costs (led by assumption changes in PD/LGD). AUM grew 5% QoQ - CV +3% QoQ, MSME 8% QoQ, Personal loans 16% QoQ. NIMs stood at 8.55% vs 8.52%bps QoQ led by higher cost of funds. Mgmt remains confident of containing credit costs at ~2% levels for FY24 and deliver 3% RoA guidance on a sustainable basis. We build avg credit costs of...
Buy Shriram Transport Finance Ltd For Target Rs.1,875 - JM Financial Institutional Securities
Buy Shriram Transport Finance Ltd For Target Rs.1,875 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
6/05/2023 2:05:19 PM
India`s Shriram Finance secures $100 million loan from Asian Development Bank Indian shadow lender Shriram Finance Ltd said on Friday it had secured a five-year loan worth $100 million from the Asian Development Bank to provide credit to its customers towards purchase of new and used vehicles across India. Shriram Finance, which currently has about 1.71 trillion rupees of assets under management, said it had also raised $250 million from US Development Finance Corporation and $475 million through a 144A Bond from the international market earlier this year. The le...
India`s Shriram Finance secures $100 million loan from Asian Development Bank
India`s Shriram Finance secures $100 million loan from Asian Development Bank
Source: Reuters
30/12/2022 3:26:44 PM
Buy Shriram Transport Finance Ltd For Target Rs. 1,700 - Emkay Global Financial Services Ltd Diversified retail consumer play at compelling valuations * Birth of a diversified retail consumer play: The lending business of the Shriram Group, re-christened ‘Shriram Finance’ (SHFL), post the merger of Shriram Transport Finance (SHTF) and Shriram City Union Finance (SCUF), was listed on the exchanges with effect from 20 December, 2022. SHFL is a diversified, retail-financing play, with AUM of ~Rs1.7Tn and presence across the lower-than-prime lending spectrum, spanning acro...
Buy Shriram Transport Finance Ltd For Target Rs. 1,700 - Emkay Global Financial Services Ltd
Buy Shriram Transport Finance Ltd For Target Rs. 1,700 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
26/12/2022 3:10:45 PM
Shriram Finance trades lower on the BSE Shriram Finance is currently trading at Rs. 1300.45, down by 38.55 points or 2.88% from its previous closing of Rs. 1339.00 on the BSE. The scrip opened at Rs. 1285.05 and has touched a high and low of Rs. 1323.55 and Rs. 1285.05 respectively. So far 5863 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1509.25 on 25-Jul-2022 and a 52 week low of Rs. 1002.50 on 08-Mar-2022. Last one week high and low of the scri...
Shriram Finance trades lower on the BSE
Shriram Finance trades lower on the BSE
Source: Accord Fintech
23/12/2022 12:37:56 PM
Key Stock News: Apple, Shriram Finance, Amazon, Air India, Go First - ARETE Securities Apple to soon overtake Samsung as India's top smartphone exporter: Report The exports of Apple smartphones from India may surpass that of Samsung by the end of the current fiscal and are expected to surpass the South Korean giant's in FY24. From a minuscule share in India's phone exports a year ago, Apple's share has risen to $2.2 billion during April and October. Samsung's share stood at $2.8 billion, not far ahead, a report by Financial Express (FE) said. Between ...
Key Stock News: Apple, Shriram Finance, Amazon, Air India, Go First - ARETE Securities
Key Stock News: Apple, Shriram Finance, Amazon, Air India, Go First - ARETE Securities
Source: ARETE Securities Ltd
6/12/2022 9:23:38 AM
Shriram Finance to focus on MSMEs and others Commercial vehicle financing major Shriram Transport Finance Company and two-wheeler and MSME financier Shriram City Union Finance have been merged to form Shriram Finance Limited (Shriram Finance). According to Shriram Finance, the company will be a diversified player with a robust net worth of Rs 40,900 crore and Assets under Management (AUM) of Rs 1,71,000 crore catering to over 6.7 million customers across India. The growth strategy for the company will be focused on driving the sel...
Shriram Finance to focus on MSMEs and others
Shriram Finance to focus on MSMEs and others
Source: IANS
5/12/2022 3:46:34 PM
Buy Shriram Transport Finance Ltd For Target Rs. 1,610 - Emkay Global Financial Services Ltd Earnings beat on strong disbursements and lower credit costs * Shriram Transport Finance (SHTF) reported Q2FY23 earnings of Rs10.7bn (+10.5% QoQ/+38.3% YoY), much above consensus’ and our estimates, driven by lower than expected P&L credit costs. Disbursement growth was at 6.6% QoQ, led by a 30% sequential growth in the new-vehicles segment, on a low base. Overall AUM grew 3.5% QoQ/11.2% YoY; calculated NIM for the quarter declined 29bps QoQ to ~7.8% due to a 23-bps drop in yield...
Buy Shriram Transport Finance Ltd For Target Rs. 1,610 - Emkay Global Financial Services Ltd
Buy Shriram Transport Finance Ltd For Target Rs. 1,610 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
28/10/2022 3:10:41 PM
Shriram Transport Finance moves up on raising Rs 115 crore through NCDs Shriram Transport Finance Company is currently trading at Rs. 1256.00, up by 7.55 points or 0.60% from its previous closing of Rs. 1248.45 on the BSE. The scrip opened at Rs. 1254.00 and has touched a high and low of Rs. 1258.20 and Rs. 1245.05 respectively. So far 6718 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1002.50 on 08-Mar-2022. Last one week high and ...
Shriram Transport Finance moves up on raising Rs 115 crore through NCDs
Shriram Transport Finance moves up on raising Rs 115 crore through NCDs
Source: Accord Fintech
28/10/2022 10:34:42 AM
Buy Shriram Transport Finance Ltd For Target Rs.1,500 - Motilal Oswal Financial Services Disbursement momentum healthy and asset quality stable * PAT grew 38% YoY to ~INR10.7b in 2QFY23 (in line), driven by NII growth of 18% YoY and credit costs of ~2% (annualized). * SHTF’s customer and product positions it to operate in a benign competitive landscape, and gives it the pricing power to pass on its higher cost of borrowings to customers in new loans disbursed. While we expect margin to improve in FY23, we estimate a compression of ~40bp in FY24. * We model an AUM C...
Buy Shriram Transport Finance Ltd For Target Rs.1,500 - Motilal Oswal Financial Services
Buy Shriram Transport Finance Ltd For Target Rs.1,500 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
27/10/2022 3:08:20 PM
Pre RBI Monetary Policy quote: Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited Pre RBI Monetary Policy Quote 29 September 2022 By Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited. India’s growth prospects have improved while inflation remains persistent. Infact, S&P expects GDP growth of 6.5% next fiscal, which is better than most economies of the same size. India seems to be an outlier with strong demand from consumers, high infrastructure activities, and a resurgence in manufacturing. I expect the RBI to hike policy rates by 35-...
Pre RBI Monetary Policy quote: Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited
Pre RBI Monetary Policy quote: Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited
Source: PR Agency
29/09/2022 3:59:07 PM
Shriram Transport Finance moves up on raising Rs 98.20 crore through NCDs Shriram Transport Finance Company is currently trading at Rs. 1341.60, up by 8.95 points or 0.67% from its previous closing of Rs. 1332.65 on the BSE. The scrip opened at Rs. 1326.00 and has touched a high and low of Rs. 1354.15 and Rs. 1312.60 respectively. So far 25534 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1002.50 on 08-Mar-2022. Last one week high and...
Shriram Transport Finance moves up on raising Rs 98.20 crore through NCDs
Shriram Transport Finance moves up on raising Rs 98.20 crore through NCDs
Source: Accord Fintech
14/09/2022 2:50:14 PM
Buy Shriram Transport Finance Ltd For Target Rs.1,690 - Motilal Oswal Financial Services Disbursement momentum sustains; asset quality stable * PAT declined by 11% QoQ to INR9.65b (in line) in 1QFY23, driven by a sequentially higher credit costs of ~2.5% and a NIM decline of ~20bp QoQ. * Price hikes in both New and Used CVs (led by the shift to BS-VI emission standards and higher steel prices) has continued to feed into higher ticket sizes and are aiding disbursements, which grew 31% YoY to ~INR117b. * SHTF’s customers and products operate in a benign competitive l...
Buy Shriram Transport Finance Ltd For Target Rs.1,690 - Motilal Oswal Financial Services
Buy Shriram Transport Finance Ltd For Target Rs.1,690 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
8/09/2022 2:47:41 PM
Shriram Transport Finance moves up on raising Rs 64.70 crore through NCDs Shriram Transport Finance Company is currently trading at Rs. 1320.25, up by 12.10 points or 0.92% from its previous closing of Rs. 1308.15 on the BSE. The scrip opened at Rs. 1320.00 and has touched a high and low of Rs. 1336.75 and Rs. 1314.90 respectively. So far 11676 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1002.50 on 08-Mar-2022. Last one week high an...
Shriram Transport Finance moves up on raising Rs 64.70 crore through NCDs
Shriram Transport Finance moves up on raising Rs 64.70 crore through NCDs
Source: Accord Fintech
5/09/2022 4:31:24 PM
India'`s Shriram Transport to raise 50 billion rupees in second half of FY23  India's Shriram Transport Finance Company Ltd plans to raise an additional 50 billion rupees ($627.20 million) in the second half of the financial year to fund growth opportunities. The non-banking finance company (NBFC) has already raised 50 billion rupees in the first half of this year and the additional funds raised would be separate from its existing refinancing plans amounting to 500 billion rupees, Umesh Revankar, managing director of STFC, told Reuters on Tuesday. Most ...
India'`s Shriram Transport to raise 50 billion rupees in second half of FY23
India'`s Shriram Transport to raise 50 billion rupees in second half of FY23
Source: Reuters
30/08/2022 3:33:28 PM
Buy Shriram Transport Finance Ltd For Target Rs. 1,313 - Motilal Oswal Financial Services Ltd Yields, CoF and Margins * Incremental CoB has gone up by ~15bp and company has increased the incremental yields by ~35bp in Jun'22. * Expects the overall weighted average borrowing costs to go up by ~20bp in FY23. * Expects margins to remain stable since increasing cost of borrowings can be partly offset by higher incremental cost of lending and lower negative carry from excess liquidity. Liquidity * Board has suggested that the company can look at some debt buy-back arrang...
Buy Shriram Transport Finance Ltd For Target Rs. 1,313 - Motilal Oswal Financial Services Ltd
Buy Shriram Transport Finance Ltd For Target Rs. 1,313 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
25/08/2022 1:05:57 PM
Buy Shriram Transport Finance Company Ltd For Target Rs.1490 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Buy Shriram Transport Finance Company Ltd For Target Rs.1490 - Religare Broking
Buy Shriram Transport Finance Company Ltd For Target Rs.1490 - Religare Broking
Source: Religare Broking Ltd
10/08/2022 8:56:55 AM
CCI approval for merger - Shriram City and Shriram Transport Finance Chennai : Shriram Transport Finance Company has received approval from the Competition Commission of India (CCI) for the merger of Shriram Transport Finance Company with Shriram City Union Finance Company on 1 August. The merged entity Shriram Finance will be India’s largest Retail NBFC with Assets Under Management of INR 1.65 lk cr as of Jun-22.  Commenting on the approval, Mr. Umesh Revankar, VC & MD, STFC said, “With this approval, we have now received app...
CCI approval for merger - Shriram City and Shriram Transport Finance
CCI approval for merger - Shriram City and Shriram Transport Finance
Source: PR Agency
2/08/2022 5:56:49 PM
Shriram Transport Finance Company inches up on planning to raise funds Shriram Transport Finance Company is currently trading at Rs. 1254.00, up by 2.40 points or 0.19% from its previous closing of Rs. 1251.60 on the BSE. The scrip opened at Rs. 1255.00 and has touched a high and low of Rs. 1263.60 and Rs. 1242.35 respectively. So far 4521 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1002.50 on 08-Mar-2022. Last one week high and ...
Shriram Transport Finance Company inches up on planning to raise funds
Shriram Transport Finance Company inches up on planning to raise funds
Source: Accord Fintech
28/06/2022 10:22:09 AM
Quote on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance Below is Quote on the RBI Monetary Policy By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance "In the light of the uncertainty of persisting geopolitical tensions, concerns over rising global inflation and escalation in global crude oil prices and other commodities, we had expected the RBI to hike interest rates in consonance with the recent off-cycle policy meeting. The RBI has further hiked the repo rate by 50bps to 4.9% and will be focused on ...
Quote on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Quote on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Source: PR Agency
8/06/2022 1:39:56 PM
Shriram Transport Finance Company Limited raises Fixed Deposit Interest Rates by upto 25bps Shriram Transport Finance Company Limited raises Fixed Deposit Interest Rates by upto 25bps The revised rates will be applicable effective from May 20, 2022. The revised interest rates apply to tenures between 30 months to 60 months One of the largest asset financing company in India Shriram Transport Finance Company Limited (STFC) a part of the Shriram Group, announced a hike in fixed deposit rates by 15 to 25 basis points (0.15%p.a. to 0.25%p.a.) across different tenures. The n...
Shriram Transport Finance Company Limited raises Fixed Deposit Interest Rates by upto 25bps
Shriram Transport Finance Company Limited raises Fixed Deposit Interest Rates by upto 25bps
Source: PR Agency
20/05/2022 5:01:30 PM
Comment on RBI monetary policy-out of cycle rate hike By Mr. Umesh Revankar, Shriram Transport Finance Below is Comment on RBI monetary policy-out of cycle rate hike By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance “We had expected the RBI to hike rates from second half of the fiscal and hence the timing and quantum of RBI repo rate hike by 40bps and hike CRR by 50bps mid-cycle was a bit of surprise. The RBI has hiked rates, owing to the rise in fuel costs and food inflation on account of geo-political concerns which has turned out to be a long term issue. The ...
Comment on RBI monetary policy-out of cycle rate hike By Mr. Umesh Revankar, Shriram Transport Finance
Comment on RBI monetary policy-out of cycle rate hike By Mr. Umesh Revankar, Shriram Transport Finance
Source: PR Agency
5/05/2022 10:52:32 AM
Comment on RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance Below is Comment on RBI Monetary Policy By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance “The RBI Governor monetary policy statement today highlighted concerns over inflation and downside risks to growth emerging on account of escalation in geopolitical tensions, protracted supply disruptions. The RBI kept key rates unchanged on expected lines and the MPC committee decided to remain ‘accommodative’ while focussing on withdrawal of accommo...
Comment on RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Comment on RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Source: PR Agency
8/04/2022 3:24:27 PM
Weekly Tech Picks - Mahindra & Mahindra Limited, NMDC Limited​​​​​​​, Shriram Transport Finance Company Ltd, Hindustan Aeronautics Ltd By Axis Securities Mahindra & Mahindra Limited • On the weekly chart, the stock has sharply rebounded from its two years “multiple support” zone of 730-720 levels indicating strong come back of bulls • This buying momentum was observed from 20-day SMA and rebounded sharply Mahindra & Mahindra Limited Weekly Tech Picks 01 April,2022 • On the daily chart, the stock has formed higher top and bottom indicating positive trend • The daily “band bollinger&rdquo...
Weekly Tech Picks - Mahindra & Mahindra Limited, NMDC Limited​​​​​​​, Shriram Transport Finance Company Ltd, Hindustan Aeronautics Ltd By Axis Securities
Weekly Tech Picks - Mahindra & Mahindra Limited, NMDC Limited​​​​​​​, Shriram Transport Finance Company Ltd, Hindustan Aeronautics Ltd By Axis Securities
Source: Axis Securities Ltd
4/04/2022 10:37:10 AM
Key News - Vedanta Ltd, Shriram Transport Finance , Reliance Industries Ltd, Accenture ,Kalyan Jewellers, By ARETE Securities Key News Vedanta visits Pune to explore feasibility to set up semiconductor plant A team from Indian conglomerate Vedanta has visited Pune to survey the feasibility of setting up its electronic chip plant in the district, a government official said on Friday. Vedanta Group firms have applied for setting up semiconductor and display manufacturing units in the country under the government's incentive scheme.   Shriram Transport Finance raises Rs 900 cr by issuing bonds ...
Key News - Vedanta Ltd, Shriram Transport Finance , Reliance Industries Ltd, Accenture ,Kalyan Jewellers, By ARETE Securities
Key News - Vedanta Ltd, Shriram Transport Finance , Reliance Industries Ltd, Accenture ,Kalyan Jewellers, By ARETE Securities
Source: ARETE Securities Ltd
28/02/2022 9:35:54 AM
Comment on RBI giving extension to NBFC to comply with IRACP norms By Mr. Umesh Revankar, Shriram Transport Finance Below is Comment on RBI giving extension to NBFC to comply with IRACP norms By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance "NBFCs play a crucial role in the economy by providing credit to the underserved segment. Post the challenges posed by the pandemic the overall economic recovery is still uneven with demand conditions yet to fully recover. The Government and the RBI have taken several measures towards economic revival and supporting most impacted sec...
Comment on RBI giving extension to NBFC to comply with IRACP norms By Mr. Umesh Revankar, Shriram Transport Finance
Comment on RBI giving extension to NBFC to comply with IRACP norms By Mr. Umesh Revankar, Shriram Transport Finance
Source: Shriram Transport Finance
16/02/2022 3:31:36 PM
Buy Shriram Transport Finance Ltd For Target Rs.1,500 - Motilal Oswal Disbursements at record high; RBI NPA guidelines play spoilsport * SHTF’s PAT declined 12% QoQ/6% YoY to INR6.8b (16% miss) in 3QFY22 led by higher credit costs, which grew 95bp QoQ and ~80bp YoY to ~3.2%. * SHTF reported ~60bp increase in its GS3 to 8.4% because of the RBI guidelines on daily stamping of NPA. With a target to reach the guided level of 4% NS3 by Mar’22, SHTF further increased the PCR on Stage 3 loans to ~52% without utilizing any COVID provisions during 3QFY...
Buy Shriram Transport Finance Ltd For Target Rs.1,500 - Motilal Oswal
Buy Shriram Transport Finance Ltd For Target Rs.1,500 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
12/02/2022 10:57:10 AM
Comment on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance Below is Comment on the RBI Monetary Policy By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance “Pleasantly surprised by RBI’s more dovish than expected stance and it continued to prioritise growth by keeping rates unchanged and also maintaining an ‘accommodative’ stance for as long as necessary. Despite commodity prices being elevated, RBI is confident of maintaining prices and that is encouraging. The accommodative stance also indicates t...
Comment on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Comment on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Source: Shriram Transport Finance
10/02/2022 5:04:13 PM
Shriram Transport Finance shines on the bourses Shriram Transport Finance Company is currently trading at Rs. 1232.10, up by 13.75 points or 1.13% from its previous closing of Rs. 1218.35 on the BSE. The scrip opened at Rs. 1239.50 and has touched a high and low of Rs. 1240.70 and Rs. 1207.35 respectively. So far 22249 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1104.05 on 25-Jan-2022. Last one week high an...
Shriram Transport Finance shines on the bourses
Shriram Transport Finance shines on the bourses
Source: Accord Fintech
8/02/2022 3:03:09 PM
The Union Budget 2022 is a bold and growth-oriented budget which will result into a multiplier - Umesh Revankar, Shriram Transport Finance By Umesh Revankar, VC & MD at Shriram Transport Finance “The union budget 2022 is a bold and growth-oriented budget which will result into a multiplier effect on the economy and benefit the Aam Aadmi, despite no direct benefit transfers. We believe the FM has presented an investment led budget and this will propel sectors like cement, steel and construction which will lead to increased movement of goods, boost bulk transportation movement and help in the revival of the trans...
The Union Budget 2022 is a bold and growth-oriented budget which will result into a multiplier - Umesh Revankar, Shriram Transport Finance
The Union Budget 2022 is a bold and growth-oriented budget which will result into a multiplier - Umesh Revankar, Shriram Transport Finance
Source: PR Agency
1/02/2022 6:07:19 PM
Buy Shriram Transport Finance Ltd For Target Rs. 1,588 - Yes Securities In‐line growth and asset quality performance but for the RBI circular impact Our view SHTF’s operating performance was healthy (7% PPOP beat), but earnings were depressed by the flow‐forward (Rs9.5bn) and the concomitant provisioning impact (Rs3.5bn) from RBI’s November circular. This impact for the co. came solely from the daily stamping requirement, as it was already complaint on the NPL upgrade method. Notably, the management chose to not utilize the additional/excess pro...
Buy Shriram Transport Finance Ltd For Target Rs. 1,588 - Yes Securities
Buy Shriram Transport Finance Ltd For Target Rs. 1,588 - Yes Securities
Source: Yes Securities Ltd
30/01/2022 9:34:01 AM
The Government in the upcoming budget will help boost the economic recovery in 2022 - Shriram Transport Finance Pre-budget expectations by Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance. "While each wave of the pandemic has brought forth its own set of challenges, we are hopeful and optimistic that the measures taken by the Government in the upcoming budget will help boost the economic recovery in 2022. Considering the slowdown caused by COVID outbreak in India in the past two years, it becomes crucial for the government to prioritize its reforms towards MS...
The Government in the upcoming budget will help boost the economic recovery in 2022 - Shriram Transport Finance
The Government in the upcoming budget will help boost the economic recovery in 2022 - Shriram Transport Finance
Source: Shriram Transport Finance
28/01/2022 11:24:13 AM
Shriram Transport Finance surges on the BSE Shriram Transport Finance Company is currently trading at Rs. 1192.20, up by 24.70 points or 2.12% from its previous closing of Rs. 1167.50 on the BSE. The scrip opened at Rs. 1178.30 and has touched a high and low of Rs. 1204.35 and Rs. 1171.60 respectively. So far 47987 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1097.80 on 28-Jan-2021. Last one week high an...
Shriram Transport Finance surges on the BSE
Shriram Transport Finance surges on the BSE
Source: Accord Fintech
27/01/2022 10:22:09 AM
Shriram Transport Finance Company gains on planning to raise funds Shriram Transport Finance Company is currently trading at Rs. 1169.65, up by 15.05 points or 1.30% from its previous closing of Rs. 1154.60 on the BSE. The scrip opened at Rs. 1135.00 and has touched a high and low of Rs. 1202.00 and Rs. 1104.05 respectively. So far 101264 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1097.80 on 28-Jan-2021. Last one week high a...
Shriram Transport Finance Company gains on planning to raise funds
Shriram Transport Finance Company gains on planning to raise funds
Source: Accord Fintech
25/01/2022 3:24:42 PM
Shriram Transport Finance Company partners with Skill India to train 1000 Drivers for transporting Oxygen Tankers Shriram Transport Finance Company partners with Skill India to train 1000 Drivers for transporting Oxygen Tankers    Mumbai, January 17, 2022: Shriram Transport Finance Company (STFC), India’s largest commercial vehicle financer has partnered with Skill India to train 1000 drivers to ensure seamless and accident free transportation of oxygen tankers. With an objective to streamline Liquid Medical Oxygen (LMO) Tankers supply chain amidst the pandemic, Shriram Transport ...
Shriram Transport Finance Company partners with Skill India to train 1000 Drivers for transporting Oxygen Tankers
Shriram Transport Finance Company partners with Skill India to train 1000 Drivers for transporting Oxygen Tankers
Source: PR Agency
17/01/2022 2:18:39 PM
Shriram Transport Finance gains on raising $475 million through social bonds Shriram Transport Finance Company is currently trading at Rs. 1237.50, up by 13.45 points or 1.10% from its previous closing of Rs. 1224.05 on the BSE. The scrip opened at Rs. 1234.55 and has touched a high and low of Rs. 1244.00 and Rs. 1227.70 respectively. So far 8215 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1097.80 on 28-Jan-2021. Last one week high and...
Shriram Transport Finance gains on raising $475 million through social bonds
Shriram Transport Finance gains on raising $475 million through social bonds
Source: Accord Fintech
12/01/2022 10:32:08 AM
Key News - Tata Group, Vodafone Idea Ltd, Tata Teleservices, Shriram Transport Finance Company Ltd, Aurobindo Pharma Ltd By ARETE Securities Key News Tata Group to replace Vivo as IPL title sponsor from this year One of India's largest business conglomerates, the Tata Group, will replace Chinese mobile manufacturer Vivo as the Indian Premier League's title sponsor for the next two years. As per reliable sources, the Tatas will be paying around Rs 670 crore for two years of title sponsorship while Vivo will pay a total of Rs 454 crore for termination of contract, which makes it a winwin situation for the BCCI as it i...
Key News - Tata Group, Vodafone Idea Ltd, Tata Teleservices, Shriram Transport Finance Company Ltd, Aurobindo Pharma Ltd By ARETE Securities
Key News - Tata Group, Vodafone Idea Ltd, Tata Teleservices, Shriram Transport Finance Company Ltd, Aurobindo Pharma Ltd By ARETE Securities
Source: ARETE Securities Ltd
12/01/2022 9:03:33 AM
Shriram Transport Finance Company Raises USD 475 Million Through Social Bonds From International Bond Markets Mumbai, January 11, 2021: India’s largest asset financing company Shriram Transport Finance Company (STFC) a part of the Shriram Group, has successfully raised USD 475 million Fixed Rate Senior Secured 144A /Reg S Bond (available ECB limit for FY 22) for a 3.5-year tenor at an interest rate of 4.15%. This marks the 7th successful USD bond issuance by the Company since the relaxation in the ECB guidelines. The proceeds from the STFC social bond would be used for employment generatio...
Shriram Transport Finance Company Raises USD 475 Million Through Social Bonds From International Bond Markets
Shriram Transport Finance Company Raises USD 475 Million Through Social Bonds From International Bond Markets
Source: PR Agency
11/01/2022 2:50:24 PM
Buy Shriram Transport Finance Ltd For Target Rs.1,700 - Motilal Oswal Amalgamation of Shriram City and Shriram Capital (excluding LI and GI) into Shriram Transport * Shriram Capital (SCL) & Shriram City Union (SCUF) will merge into Shriram Transport (SHTF) and the merged entity will be called ‘Shriram Finance Limited’. Shriram Housing will be a subsidiary with 85.02% holding while the merged entity will continue to hold 44.56% in Shriram Automall post the proposed merger. All other businesses (including life and general insurance) will be hou...
Buy Shriram Transport Finance Ltd For Target Rs.1,700 - Motilal Oswal
Buy Shriram Transport Finance Ltd For Target Rs.1,700 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/12/2021 9:34:43 AM
Shriram Capital, Shriram City Union Finance & Shriram Transport Finance announce Merger : Merged entity to be the Largest Retail Finance NBFC in India * Merged entity to be market leader in all businesses it operates in - #1 Commercial Vehicle Financier, #1 MSME lender in the underbanked customer segment and #1 Two Wheeler financier. * Comprehensive product suite, wider distribution network and increased customer touch points to prove beneficial to customers of both organizations.  * Compelling synergies to enhance shareholder value. Potential to increase new business margins through product mix optimisation and cross sell l...
Shriram Capital, Shriram City Union Finance & Shriram Transport Finance announce Merger : Merged entity to be the Largest Retail Finance NBFC in India
Shriram Capital, Shriram City Union Finance & Shriram Transport Finance announce Merger : Merged entity to be the Largest Retail Finance NBFC in India
Source: PR Agency
13/12/2021 4:02:18 PM
Quote on RBI monetary policy Mr. Umesh Revankar, Shriram Transport Finance Below is quote on RBI monetary policy By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance. “The RBI on expected lines kept the key rates unchanged for the ninth consecutive time and retained accommodative stance as long as necessary. While rebalancing liquidity conditions in a non-disruptive manner, the Governor reiterated commitment to support the nascent economic recovery and preserve financial stability. The Governor once again retained FY22 GDP...
Quote on RBI monetary policy Mr. Umesh Revankar, Shriram Transport Finance
Quote on RBI monetary policy Mr. Umesh Revankar, Shriram Transport Finance
Source: PR Agency
8/12/2021 2:31:47 PM
Shriram Transport Finance jumps on raising funds via NCDs Shriram Transport Finance Company is currently trading at Rs. 1483.00, up by 19.60 points or 1.34% from its previous closing of Rs. 1463.40 on the BSE. The scrip opened at Rs. 1486.00 and has touched a high and low of Rs. 1492.90 and Rs. 1465.00 respectively. So far 12186 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 917.95 on 22-Dec-2020. Last one week high and...
Shriram Transport Finance jumps on raising funds via NCDs
Shriram Transport Finance jumps on raising funds via NCDs
Source: Accord Fintech
8/12/2021 11:45:10 AM
Hold Shriram Transport Finance Company Ltd For Target Rs.1,445 - ICICI Securities Visibility improves on double-digit growth, credit cost at <2.5%; merger of group entities to weigh Shriram Transport Finance’s (SHTF) Q2FY22 earnings once again displayed resilience with improved visibility of double-digit growth and credit cost containment below 250bps. Customer segments, including individual and owner operators, and multipurpose/general utility potential of the used vehicles it finances, is supporting the momentum. Collection efficiency was back to 99.5% for Se...
Hold Shriram Transport Finance Company Ltd For Target Rs.1,445 - ICICI Securities
Hold Shriram Transport Finance Company Ltd For Target Rs.1,445 - ICICI Securities
Source: ICICI Securities
3/12/2021 11:19:18 AM
Buy Shriram Transport Finance Ltd For Target Rs.1,835 - Yes Securities ‘In-line growth, decent reduction in PAR 30’ Our view SHTF’s performance on growth and asset quality was in-line with our expectations, which were premised on the resilience shown by the franchise in the preceding quarters. Driven by sustained healthy demand and transaction velocity, company’s mainstay used vehicle portfolio grew by 3% qoq/13% yoy. New vehicle financing and other loan products witnessed significant contraction on sequential basis. Overall disburs...
Buy Shriram Transport Finance Ltd For Target Rs.1,835 - Yes Securities
Buy Shriram Transport Finance Ltd For Target Rs.1,835 - Yes Securities
Source: Yes Securities Ltd
1/11/2021 12:47:55 PM
Hold Shriram Transport Finance Ltd For Target Rs.1,445 - ICICI Securities Relatively resilient performance; group entities’ merger to weigh on re-rating potential Shriram Transport Finance’s (SHTF) Q1FY22 earnings reaffirm the resilience of multipurpose/general utility potential of used vehicle profile that it finances. This was demonstrated in 1) collection efficiency of 91% for Q1FY22 (vs 103% in Q4FY21 and better than peers), 2) robust disbursements at Rs127bn (down mere 15% YoY), and 3) cumulative restructuring of <80bps. As expected, stage-2/...
Hold Shriram Transport Finance Ltd For Target Rs.1,445 - ICICI Securities
Hold Shriram Transport Finance Ltd For Target Rs.1,445 - ICICI Securities
Source: ICICI Securities
7/09/2021 1:01:42 PM