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    HomeNewsBusinessStocksAvoid Shriram Transport Finance: Sudarshan Sukhani

    Avoid Shriram Transport Finance: Sudarshan Sukhani

    Sudarshan Sukhani of s2analytics.com is of the view that one may avoid Shriram Transport Finance.

    September 27, 2017 / 11:53 IST
    JSW Holdings | Cash flow from operation in FY18: Rs 66 crore, FY19: Rs 89 crore and in FY20: Rs 103 crore. In the past 3-year, the stock price has risen 40 percent to Rs 2450 on August 25, 2020.
    JSW Holdings | Cash flow from operation in FY18: Rs 66 crore, FY19: Rs 89 crore and in FY20: Rs 103 crore. In the past 3-year, the stock price has risen 40 percent to Rs 2450 on August 25, 2020.

    Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Shriram Transport Finance Corporation's charts are saying that it's to avoid. I do not think there is anything there. The other NBFCs are much better-off."

    "Mahindra & Mahindra Financial Services has been an outperformer but apart from today when we think that NBFCs will do well, broadly there is a deep correction in NBFCs. So, anyone looks to invest needs to be patient. This is not a time to buy that."

    "Den Networks bounced on supposedly news but there is no trade on the charts. So if you have it, enjoy the news but do not buy," he added.

    first published: Sep 27, 2017 11:16 am

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