What ails Shriram Transport Finance – is the merger finally taking a toll on the stock?
While the stock of Shriram Transport appears to offer value, investors should bear in mind the possible volatility due to the impending merger
August 02, 2021 / 11:05 AM IST
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Good quarter amid Covid challenges
Growth better than expectations
Margin nosedives on excess liquidity
Asset quality worsens, provision high, restructuring limited
Collection efficiency improving, credit cost to normalise by year-end
Recent capital infusion adds to the capital buffer
Fundamentals promising, merger with group company remains a key overhang
Shriram Transport Finance (CMP: Rs 1390, Market Cap: Rs 37,363 crore) has been an under-performer with the stock down marginally in the past four months against an over 8 per cent rally in the Nifty. This is surprising,...