Shriram Finance shares crash 6% as Jefferies, Citi, and other brokerages slash target prices after Q2 results. Why do they still say ‘Buy’?
Shriram Finance shares fell sharply on Monday after Jefferies, Citi and Motilal Oswal cut their target prices following the NBFC’s Q2 results. Despite concerns over rising credit costs and rural stress, all three brokerages retained their ‘Buy’ ratings, citing strong net interest income, resilient margins and long-term growth potential.
On 26th October 2026, the Q2 results of numerous Indian companies were announced, causing fluctuations in the stock market. Paytm reported a net profit increase of 6.2% year-on-year, while Tata Consumer Products saw a significant rise of INR 4.69 billion for the quarter. However, Infosys' shares declined to INR 1,107 on the NSE, with a revenue miss and a further guidance cut.
Ather Energy reported a loss of INR 651 million for the quarter, followed by a loss in major sectors such as hi-tech and retail, while energy and life sciences showed sharp growth. Tata Motors reported a net income of INR 12.6 billion, reversing a previous loss. Notably, Shriram Finance saw a remarkable 59% increase in net income to INR 36.77 billion.
The market responded accordingly, with Sensex falling by 414.35 points or 0.57% to 72,709.48 and Nifty 50 depreciating by 147.30 points or 0.65% to 22,452.70.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Q2 Results Today Live: APL Apollo Tubes Q2 PAT jumps, Paytm, Tata Consumer, Dalmia Bharat, KFin Tech, Mankind Pharma, IOB, BOM, TMB, Ather Energy, Aegis, Sona BLW, Nazara, ITC Hotels, Aequs to announce Q2 results thehindubusinessline.com
- Kotak Mahindra Bank shares climb 4% after the Q2 results economictimes.indiatimes.com
- Q2 results: Paytm, REC, Tata Consumer Products among 98 firms on October 26 business-standard.com
