Shriram Finance to Join Nifty 50 Index, Brokerages Set Bullish Share Target Prices

Shriram Finance share price target: Shares of Shriram Finance are set to join the the benchmark Nifty 50 index, the National Stock Exchange (NSE) announced on Wednesday. In tandem with this development, brokerages are optimistic about Shriram Finance's stock potential.
Shriram Finance Share Target Price

Brokerages are optimistic about Shriram Finance's stock's potential. (Pic: Canva Pro)

Shriram Finance share price target: Shares of Shriram Finance are set to join the the benchmark Nifty 50 index, the National Stock Exchange (NSE) announced on Wednesday. The non-banking financial services company (NBFC) will replace agrochemical firm UPL Ltd, which has been removed following its exclusion from the broader Nifty 100 index. The update to the Nifty 50 will take effect from March 28.
This inclusion has been prompted by Shriram Finance's robust performance and substantial market capitalisation over the past six months. The company has achieved the highest average free-float market capitalisation in its category, propelling it into the Nifty 50.

Shriram Finance Share Target Price

In tandem with this development, brokerages are optimistic about Shriram Finance's stock potential. Morgan Stanley has maintained its 'Overweight' stance on the stock, and has recently raised the share target price to Rs 3,000 per equity share.
Centrum Broking, late last month, had voiced a similar positive sentiment, advising investors to buy the stock with a projected target price of Rs 2,800 per share.
Leading financial services firm Motilal Oswal issued a "BUY" recommendation on Monday, setting a target price of Rs 2,700 per share.
Shriram Finance Shares: Historic Returns
The upbeat target prices come on the back of Shriram Finance's impressive performance. As of the close of markets on February 28, the stock ended at Rs 2,349 per share. The company's share has shown commendable returns year-to-date, with a gain of 14.72 per cent. Over the past three months, the shares have surged by 19.52 per cent, while the past six months have seen a 26 per cent jump. Looking back over the past year, Shriram Finance's stock has soared by an outstanding 95.29 per cent, far surpassing the Sensex's 22.63 per cent rise.
As the company prepares to join the Nifty50, investors and market watchers alike will be keenly observing its impact on the index and its continued financial performance.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Times Network.)
End of Article
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news