Shriram Finance Limited traded at 940.45 this Friday October 9th, increasing 23.20 or 2.53 percent since the previous trading session. Looking back, over the last four weeks, Shriram Finance gained 9.40 percent. Over the last 12 months, its price rose by 41.41 percent. Looking ahead, we forecast Shriram Finance Limited to be priced at 919.10 by the end of this quarter and at 857.92 in one year, according to Trading Economics global macro models projections and analysts expectations.
Shriram Finance Limited is an India-based retail asset financing non-banking finance company (NBFC). The Company is a finance provider catering to the needs of small road transport operators and small business owners and is engaged in organized financing of pre-owned commercial vehicles and two- wheelers. It has a vertically integrated business model and offers various financing products, which include passenger commercial vehicles, loans to micro and small and medium enterprises (MSMEs), tractors and farm equipment, gold, personal loans and working capital loans. It operates in the areas of loan origination, valuation of pre-owned commercial vehicles and other assets, and collections. It has a presence in consumer finance, life insurance, general insurance, stockbroking, and distribution businesses.