Shriram Finance shares fell 2.6% despite a 73% rise in Q3 net profit to Rs 3,249 crore. Total income increased to Rs 10,705 crore, with asset quality improving. HSBC and Jefferies maintain ‘Buy’ ratings, though both revise target prices slightly lower due to higher costs and balance sheet liquidity.
Nifty surges 300 points as investor sentiment lifts markets. Will the rally last?
Stock markets now seem to have digested the uncertainty related to global tariff wars on hopes of lesser disruption and trade agreements by major economies.