Shriram Finance shares surge on MUFG's ₹39,600 cr investment
after close1 source ↓written by the desknot a recommendation
- to ₹935 today
- 3.7%
- investment
- ₹39,600 cr
- investment
- 20% stake
- based on revised
- 33% upside
Shriram Finance shares rose 3.7% to ₹935 today, following MUFG Bank's ₹39,600 cr investment for a 20% stake. This marks the largest foreign investment in India's financial services sector. Brokerages now project up to 33% upside based on revised target prices, citing strengthened balance sheet and growth prospects. 📈
Not investment advice. For informational purposes only.