Shriram Transport Finance

Shriram group operationalises largest retail NBFC Shriram Finance; to focus on non-vehicle financing

The new company, to be headquartered in Mumbai, has over 6.7 million customers being served at over 3,600 branches across the country, barring Nagaland, by its 57,000 employees, 3,000 of them hired since the merger announcement.

Shriram Finance Limited: Awaiting the makeover magic to work

Encouraging outlook as the company transforms from a uni-segment entity to a more diversified play after the merger. Second quarter saw a decent growth in disbursement, coupled with improving margins, asset quality and credit cost

Buy Shriram Transport Finance; target of Rs 1521: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Shriram Transport Finance has recommended buy rating on the stock with a target price of Rs 1521 in its research report dated October 21, 2022.

Buy Shriram Transport Finance; target of Rs 1500: Motilal Oswal

Motilal Oswal is bullish on Shriram Transport Finance recommended buy rating on the stock with a target price of Rs 1500 in its research report dated October 21, 2022.

Buy Shriram Transport Finance; target of Rs 1610: Emkay Global Financial

Emkay Global Financial is bullish on Shriram Transport Finance has recommended buy rating on the stock with a target price of Rs 1610 in its research report dated July 29, 2022.

Buy Shriram Transport Finance; target of Rs 1690: Motilal Oswal

Motilal Oswal is bullish on Shriram Transport Finance recommended buy rating on the stock with a target price of Rs 1690 in its research report dated July 29, 2022.

Shriram Transport Finance Q1 net profit jumps to Rs 965 crore

Net Interest Income (NII) increased by 25.35 per cent to Rs 2,641.74 crore. The same stood at Rs 2,107.45 crore in the same period previous year. Net Interest Margins (NIM) was at 6.91 per cent as against 6.38 per cent.

MC Exclusive | Shriram Group receives IRDAI approval for merger

The merged entity would have a combined AUM of over Rs 1,50,000 crore, over two crore customers served till date and a distribution network of over 3,500 branches

Shriram Transport Finance MD says expect merger completion in 2-3 months

In an exchange filing today, STFC said that as per the consolidated shareholder voting results, 98.1 percent of votes were cast in favour of the resolution while 1.9 percent of shareholders voted against the resolution.

RBI issues NOC for Shriram Group companies merger

The Board of Shriram Group on December 13 had approved the merger of its lending subsidiaries SCL and SCUF with STFC. The merged entity would be known as Shriram Finance.

Shriram Transport Finance raises USD 250 mn long-term funding from DFC

Shriram Transport Finance Company (STFC) on Thursday said it has secured long-term funding of USD 250 million from the US International Development Finance Corporation (DFC). The external commercial borrowing (ECB) is a fixed-rate 10-year loan under STFC's social finance framework, as per a release.

Buy Shriram Transport Finance; target of Rs 1490: Emkay Global Financial

Emkay Global Financial is bullish on Shriram Transport Finance has recommended buy rating on the stock with a target price of Rs 1490 in its research report dated April 29, 2022.

Buy Shriram Transport Finance; target of Rs 1500: Motilal Oswal

Motilal Oswal is bullish on Shriram Transport Finance recommended buy rating on the stock with a target price of Rs 1500 in its research report dated April 29, 2022.

Merger of Shriram City, Shriram Transport to create synergy, drive growth, says Shriram Capital's DV Ravi

Both NBFCs have strong pockets and domain expertise. Besides the benefits that would result from scale, the non-banking finance business of the Shriram group would gain greater stability and achieve higher growth.

Shriram Transport Finance raises $475 million through social bonds

The proceeds from the STFC social bond would be used for employment generation, including through micro, small, and medium-sized enterprise (MSME) financing, the lender said in a release.

Accumulate Shriram Transport Finance; target of Rs 1532: Prabhudas Lilladher

Prabhudas Lilladher recommended accumulate rating on Shriram Transport Finance with a target price of Rs 1532 in its research report dated December 14, 2021.

Shriram Transport Finance shares fall after merger of subsidiaries but global brokerages see up to 15% upside

The board of Shriram Group has approved the merger of Shriram Capital and Shriram City Union Finance with Shriram Transport Finance. The merged entity will be known as Shriram Finance

Ideas For Profit | Is underperformance of Shriram Transport’s stock an investment opportunity?

The management of Shriram Transport Finance has been categorical about the group’s intention of putting the two listed entities of the group under one umbrella to derive synergistic benefits of better credit rating, lower cost of funds and opex etc. We see this as an overhang impacting the valuation. However, we do see a tactical opportunity in Shriram Transport. Here’s why.