Shriram Finance stock hits 11-month low as growth outlook cut, credit costs weigh; brokerages slash target price
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Shriram Finance shares fell to an 11-month low on October 26 after the lender lowered its annual loan growth forecast.
- ✓The company cited weak monsoon conditions and geopolitical uncertainty for the cut.
- ✓Brokerages slashed target prices as higher credit costs and rural stress weighed on the stock despite strong profits.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Moneycontrol.com
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
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Shares of Shriram Finance fell to an 11-month low on October 26 to emerge as top Nifty loser after the non-bank lender lowered its annual loan growth forecast and warned of higher credit costs, overshadowing a better-than-expected second-quarter profit.
Shares fell as much as 6.13% to Rs 810.20 apiece, extending losses from Friday, and were on track for an eighth consecutive session of declines.
The company cut its assets under management growth forecast for fiscal 2027 to 15%-17% from 18%, citing weak monsoon conditions and geopolitical uncertainty, and flagged pressure on borrowers in drought-hit regions.
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