1.65% Down
LTP: Rs 390.40
M Cap: Rs 8262 Cr
The stock of the country’s largest commercial vehicle financier dipped a little under 2 per cent during the fortnight with a 150 per cent surge in delivery volumes. The stock was In the centre of action on November 4 as private equity firm Chrys Capital sold its 2.13 per cent stake for Rs 1743 crore. The PE firm had sold a partial stake in the NBFC last year. The Chennai’based Shriram group company saw its profit after tax rise 25,26 per cent in the September quarter to Rs 207,45-core. Revenues grew by 1741 percent to Rs 1,071.61 -crore. Total assets under martagei-nent at the end of the quarter stood at Rs 25,823.75-crore. Read More
According to Kotak Institutional Equities, the NBFC will deliver 24 per cent CAGR in core profit before tax (excluding provisions) between FY09 and FYi 1 and generate medium-term return on equity of about 26-29 per cent.
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