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Earning opportunity .. these NBFCs shares will give bumper return of 38 percent, brokerage house has given big targets

Highlights

A target of Rs 1,610 has been given for the share of Shriram Transport Finance.
The brokerage house has given a target of Rs 2500 for Shriram City Union Finance.
Both non-banking financial companies (NBFCs) are part of the Shriram Group.

Mumbai. If you invest in the stock market and want to earn returns by investing in a good stock, then there are excellent opportunities to earn in two stocks. This is a good time to invest in the shares of two giant Non-Banking Financial Companies (NBFCs) of Shriram Group. Because the veteran brokerage house has given a buy opinion in these shares.

According to the news of Money Control, brokerage firm Emkay Global in its report has given buy rating for Shriram Group’s investment in Shriram City Union Finance and Shriram Transport Finance. Investors can get returns of up to 38 percent by investing in these two companies at the current price.

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Brokerage houses are bullish on both the stocks of Shriram Group
The brokerage house has given a target of Rs 1,610 for investment in the share of Shriram Transport Finance. At present, the current market price of the stock is Rs 1217.75 and from here an upside of 32 percent can be seen in the stock. Shriram Transport Finance is a company of Shriram Group. It provides financial services like commercial vehicle finance business, consumer finance, life and general insurance, stock broking, chit funds.

The second quarter of the current financial year has been good for the company. The company’s net profit increased from Rs 965.27 crore on a quarterly basis to Rs 1066.87 crore in the July-September 2022 quarter. During the same period, the company’s revenue increased from Rs 5144.81 crore to Rs 5347.57 crore on a quarterly basis.

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At the same time, the brokerage firm has given a target of Rs 2500 for Shriram City Union Finance. The current price of the stock is Rs 1809.35 and from here 38 percent upside is possible. Shriram City Union Finance provides loans to Retail and Micro, Small and Medium Enterprises (MSMEs)
does it.

(Disclaimer: The stocks mentioned here are based on the advice and information of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. News18 for any profit or loss you may have will not be responsible.)

Tags: business news, Multibagger stock, stock market

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