The Economic Times

Shriram Finance shares crash 6% as Jefferies, Citi, and other brokerages slash target prices after Q2 results. Why do they still say Buy?

Shriram Finance shares fell sharply on Monday after Jefferies, Citi and Motilal Oswal cut their target prices following the NBFCs Q2 results. Despite concerns over rising credit costs and rural stress, all three brokerages retained their Buy ratings, citing strong net interest income, resilient margins and long-term growth potential.