Diwali Dhamaka - Shriram Transport Finance

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    CMP (NSE) 15:48, 27 May

    1,142.45 -4.2-0.37%

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    TRANSPORT & LOGISTICS

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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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