Shriram Transport may rally to Rs 715-720: SP Tulsian

Shriram Transport Finance Corporation may rally to Rs 715-720, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “All the banking and Non Banking Financial Companies (NBFC) stocks were up today. Two stocks comes in my mind, which have been languishing one is Shriram Transport and second is Bajaj Finserv.”
He further added, “We have not seen Bajaj Finserv participating in this rally in this last maybe a month or so. In fact that has been happening with Shriram Transport also, maybe in respect to the residual stake sale by the TPG on which it has been feared on, but I think that maybe Shriram Transport has potential to move to about Rs 715-720 because you don’t have any kind of concerns or problems seen on the working. So yes, positive view and can get extended further by about maybe 4 percent from hereon in the near-term.”