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The Economic Times
The Economic Times
Business
Debaroti Adhikary

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 Citi Jefferies Motilal Oswal NBFC NSE

Shriram Finance shares fell over 6% on Monday after several international and domestic brokerages cut their target prices following the NBFC’s Q2 earnings. However, the consensus rating remains ‘Buy’.

The stock dropped to Rs 811 on the NSE in morning trade. Shriram Finance reported a 59% year-on-year rise in standalone net profit to Rs 3,677 crore for the quarter ended September 2026, supported by higher net interest income and lower finance costs. Its net interest margin improved to 9.52% from 8.19% a year earlier.

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