Shriram Finance shares surged to an all-time high after Japan’s MUFG Bank announced its acquisition of a 20% stake. Analysts have raised price targets, citing the deal’s positive impact on the NBFC’s growth outlook and debt repayment confidence. The investment is expected to accelerate diversification plans and bring valuable expertise.
Swarup Mohanty on cycles, conviction and the rise of midcaps
Swarup Mohanty of Mirae Asset highlights a year of shifting market dynamics, where traditional assumptions are being challenged. The firm has evolved into a diversified