New Delhi: Axis Securities recommended stock market investors to buy Shriram Finance shares and Motilal Oswal gave a Buy rating on Anant Raj. The brokerages said the two stocks can deliver up to 30 per cent to the investors. The brokerages made the recommendations on the basis of fundamentals of the companies.
Shriram Finance share was trading at Rs 2,916.90 at 11:50 am on December 23, 2024. The stock gained over 43 per cent in the last one year. Anant Raj share price appreciated nearly 87 per cent in the last six months and 180 per cent in the past one year.
Shriram Finance share price target
Axis Securities has given a Buy call on Shriram Finance, the flagship company of Shriram Group. The company is engaged in the business of lending services. Initiating a Buy coverage on Shriram Finance, the brokerage house predicted a possible rise of 30 per cent. The firm has provided a share price target of Rs 3,825 per share.
The brokerage said the Buy Rating has been given based on these reasons: It stated that there is a possibility of improvement in the used commercial vehicle segment. It may be noted that Shriram Finance is India’s leading loan issuing company in the automobile sector.
The brokerage expects AUM to grow at a compound annual growth rate of 17 per cent between fiscal years 2024 and 2027. Fresh interest income is expected to grow at a CAGR of 17 per cent during this period, while earnings are also expected to surge 19 percent.
Anant Raj share price target
Domestic brokerage firm Motilal Oswal initiated a Buy rating on Anant Raj Limited. The company is a smallcap firm which is engaged in the real estate sector. It has been in the business for five decades and is considered one of the prominent names in the Delhi NCR real estate sector.
The company has also started high growth and high yield data center and cloud service business. Giving a Buy rating on Anant Raj share, Motilal Oswal said the stock can touch the target price of Rs 1100. The brokerage estimates that the revenue growth for Anant Raj in FY 25, FY 26, FY 27 could be 26.5 percent, 23.3 percent, 33.3 percent respectively.
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Stocks to Buy: Axis Securities initiated a Buy rating on Shriram Finance shares. Motilal Oswal gave a Buy rating on Anant Raj shares. The stocks are projected to increase 30 per cent. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
