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ICICI Securities and Motilal Oswal keep Buy rating on Shriram Finance

Analysts at ICICI Securities and Motilal Oswal kept Buy ratings on Shriram Finance as its profit rose about 60% year on year in Q2FY27.

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what happened

Analysts at ICICI Securities and Motilal Oswal have kept their Buy ratings on Shriram Finance (SFL), according to a report published by TradingView. ICICI Securities left its target price at INR 1,225, while Motilal Oswal kept its target at INR 1,155.

In Q2FY27, the company's net profit rose about 60% year on year to roughly INR 36.8 billion, in line with Motilal Oswal's estimate. Net interest income grew about 40% to INR 84.1 billion, and assets under management accelerated to 17% year on year. Net interest margin widened 48 bps quarter on quarter to 9.52%, and the cost-to-income ratio fell to 22.5%.

At the same time, ICICI Securities flagged that credit cost rose to 2.3% from 1.9% in Q1FY27, which the management linked to drought in some locations. The broker expects credit cost to stay 30-40 bps above the company's roughly 2% guidance for the next one to two quarters.

why it matters

For investors, the key question is the quality of the loan book during a weak monsoon. Analysts believe near-term macro headwinds are already priced into the stock, so delinquency trends in certain products and regions will be the main indicator to watch. Separately, ICICI Securities kept its BUY rating on Jindal Stainless (JSL) with a target of INR 835.

market impact

Shriram Finance: stronger profit and margins support the stock, while drought-related credit costs are the main risk

tags

Analyst RatingStockIndiaBuyback

instruments

Shriram Finance (SFL)Jindal Stainless (JSL)Nifty Financial Services

sources

  1. Buy Shriram Finance: target of Rs 1225: ICICI Securities — TradingView, 26 October 2026 at 08:09 UTC
  2. Buy Jindal Stainless: target of Rs 835: ICICI Securities — TradingView, 26 October 2026 at 09:05 UTC
  3. Buy Shriram Finance; target of Rs 1155: Motilal Oswal — TradingView, 26 October 2026 at 09:04 UTC
  4. Buy Atul: target of Rs 6690: ICICI Securities — TradingView, 26 October 2026 at 09:10 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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