Next 12 months expected to be best for Shriram Transport: Antique

Ahead of the 90-day exclusivity period for IDFC-Shriram Group merger talks ending on October 9, CNBC-TV18 learns that Reserve Bank of India (RBI) is uncomfortable with giving Ajay Piramal more than 5 percent stake in IDFC Bank.

In an interview to CNBC-TV18, Digant Haria, AVP-Research at Antique Stock Broking shared his views on these stocks.

Haria said Shriram Transport Finance Corporation started reporting positive trend on numbers only in Q1.

He further said that the deal overhang weighed on Shriram Transport's stock performance.

However, next 12 months expected to be the best in five-six years for Shriram Transport, he added.

Can see a value of Rs 1,300-1,350 per share for Shriram Transport over the next 12 months, said Haria.

On deal front, he said minority shareholders will be happy if IDFC, Shriram Group deal doesn’t go through.

According to him, fundamentals for IDFC are far less attractive compared to Shriram Transport.

Watch accompanying video for more details.