Diwali Dhamaka - Shriram Transport Finance

Buy - SRTRANSFIN

CMP (NSE) 15:48, 27 May

1,142.45 -4.2-0.37%

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Reco. Price

1,483

Period

12-Months

Target Price

1,825

upside

%

Stop Loss

0

Last updated on

03 Nov, 2021

Shriram Transport Finance is the largest financer of CVs in India. The company enjoys a large market share of ~25% in the used-CV financing market and ~6% in the new-CV financing segment. With focus on a particular set of customers − small-truck owners − who do not have access to bank financing, SHTF has developed a unique ‘close-to-the-customer’ model over the past 30 years.
Management is in the process of evaluating mergers within the group companies.
Shriram Transport Finance’s Disbursement in the 1QFY22 was a positive surprise as it was 4% higher than the pre-Covid levels driven by pent-up demand in PV and LCV segment along with sanctions from previous quarters. 

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