Net Interest Income (NII) is expected to increase by 23.4 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 2,645.5 crore, according to Prabhudas Lilladher.
The merged entity would be known as Shriram Finance, with AUM of over Rs 1.5 lakh crore, and a distribution network of over 3,500 branches.
The plan comes on the heels of RBI’s directive that NBFCs can offer credit cards if they receive regulatory permission and have a certificate of registration.
Shrewd promoters are using the crisis as an opportunity to strengthen company balance sheets
The filing further noted that "the company had invested in Upper Tier II Bonds of Yes Bank Ltd of Rs 50 crores in the year 2010 and the same are outstanding as on date".
Total income was at Rs 4,288.26 crore against Rs 3,993.40 crore.
Shriram Transport Finance Co (STFC) has upsized the programme to USD 3 billion from USD 2 billion, the rating agency said in a statement.
The merger will also give an exit opportunity for the group's two key investors-Piramal Enterprises and TPG Capital.
Net Interest Income (NII) is expected to increase by 9.5 percent Y-o-Y (down 2.6 percent Q-o-Q) to Rs. 1,979.9 crore, according to Kotak.
Foreign investors raised stake in as many as 387 companies including HDFC, Bharat Financial, Indiabulls Housing, IndusInd Bank, Shriram Transport, Bharti Infratel, Zee Entertainment and Hero Moto
The non-banking finance company recently got approval from its board to raise up to Rs 10,000 crore via public issue of bonds.
Net Interest Income (NII) is expected to increase by 18.1 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 2,019.4 crore, according to Kotak.
Midcaps significantly underperformed large-caps in CY’18 - pushing down the valuation premium over large-caps from 30 percent, during the start of CY18 to the current level of -8%.
The NCDs' rates are higher than bank fixed deposits of similar tenures.
Companies have been taking a hit on their margins due to rising prices of commodities, rupee depreciation and high competition
According to Umesh Revankar, there is a dip in demand for personal vehicle due to insurance cost.
Prabhudas Lilladher is bullish on Shriram Transport has recommended buy rating on the stock with a target price of Rs 1705 in its research report dated January 29, 2018.
The market breadth was in favour of the declines on Tuesday morning with 780 stocks advancing as against 844 declines while 378 remained unchanged. On the other hand, 1222 stocks advanced and 1149 stocks declined while 76 remained unchanged on the BSE.
Kunal Saraogi of Equityrush suggests buying Shriram Transport with a target of Rs 1030.
Ashwani Gujral of ashwanigujral.com recommends buying Century Plyboards, Shriram Transport and Vedanta.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bajaj Finance and Torrent Pharma and can sell Shriram Transport.
Ashwani Gujral of ashwanigujral.com is of the view that United Spirits and ITC should move higher and has a buy on Avanti Feeds and sells on GAIL India and Arvind.
The NBFC sectors outperformed the benchmark indices in the last one year with some stocks rallying as much as 90 percent.
Prakash Gaba of prakashgaba.com likes Shriram Transport with target of Rs 1020 and Ujjivan Financial Services with target of Rs 318.
Ruchit Jain of Angel Broking advises buying HPCL with a target of Rs 521.