Should investors be looking at the new entity Shriram Finance? – Moneycontrol.com

The correction/consolidation phase of Shriram Transport stock could provide an opportunity to patient long-term investors

December 15, 2021 / 09:30 AM IST

Should investors be looking at the new entity Shriram Finance?

PRO Only Highlights

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Quarterly performance largely backed by improved realisations

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Medium-term triggers China plus and protectionist measures for tyre industry

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Valuations not inexpensive; but improved medium-term outlook

The stock price of Shriram Transport Finance (STF, CMP: Rs 1384.1, Market Cap: Rs 37,442 crore)  has corrected by close to 9 percent in the past two trading sessions. The reaction, not completely unexpected, was on account of the merger of one listed retail NBFC SCUF and one unlisted Shriram Capital into Shriram Transport, thereby bringing all the lending activities of the group under one umbrella. To be known as Shriram Finance Limited, the new entity will come into…

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