Shriram Finance Eyes Q2 Results As Stock Gains 30 Percent In A Year

Non-banking financial company Shriram Finance will release its September quarter results on October 23, with brokerages expecting strong numbers. Over the past year, the stock has gained 30 percent, outperforming the Nifty 50 which fell 12 percent over the same period. On longer timeframes of three and five years, the shares have surged 141 percent and 198 percent respectively. The stock hit a 52-week high of 1,153.70 rupees on August 6 and a 52-week low of 690.30 rupees on October 21.

Expert Views

Motilal Oswal Financial Services expects net interest income to rise by 35.1 percent year-on-year, and operating profit to grow by 43.5 percent. Net profit may see a 56 percent jump. Ravi Singh from Master Capital Services noted that Q1FY27 revenue increased 16 percent to 13,400 crore rupees, while profit after tax surged 60 percent to 3,453 crore rupees. Management maintains an 18 percent growth guidance and 2 percent credit costs.

Technical Levels

Jigar S. Patel from Anand Rathi Share and Stock Brokers advised a cautious approach, placing major support near 890 rupees. Deepesh Sarawagi from Choice Broking stated that the stock trades below all key moving averages with an RSI of 38.59, pointing to subdued momentum. Sarawagi identified immediate support at 900 to 920 rupees, with resistance near 970 rupees and a major hurdle at 1,000 rupees.

Context

Non-banking financial companies play a major role in credit delivery across India by serving retail and commercial borrowers. Investors closely track quarterly results and technical support levels to time their entry into market-traded equities.