🚀 Shriram Finance – Accelerating on All Cylinders

CMP: ₹816 | Change: +3.0% | Sector: NBFC Technical View: Shriram Finance continues its remarkable uptrend, hitting new 52-week highs backed by strong volume (~9.7M). The stock has rallied over 35% in the past month, staying well above its 20- and 50-day EMAs. RSI near 89 signals strong bullish momentum though mildly overbought — short-term consolidation possible. Support sits near ₹780–₹790; next resistance around ₹850–₹870. Fundamental View: The rally is driven by stellar Q2FY26 performance with PAT up 21% YoY and AUM growth of 20%, led by strong traction in commercial vehicles, MSME, and personal loans. Asset quality remains stable with GNPA at 5.7%. The merger synergies continue to play out, improving operational efficiency and cross-sell potential. Strong provisioning and diversified loan book add resilience. Analyst Rating: Brokerages maintain BUY, citing superior loan growth visibility and steady RoA at 3%. Consensus Target: ₹880 (≈8% upside) | Stop-loss: ₹775.