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SHRIRAMCIT
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-47.10 (-2.39%)
Previous Close: 1969.15
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Motilal Oswal target on SHRIRAMCIT Date: 03-May-21 Broker: Motilal Oswal Price @ Call: 1518.8 Target: 1900 Potential: 25.1% Recommendation: BUY

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9amPrime

#SHRIRAMCIT Breakout 🥳😎 15% Perfect trend line exist, hell yesss

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Reputation: 27,674  •  Nov 24 11:56 AM
Shriram Financial Ventures to be umbrella entity for group companies post merger
It will help each of its investee companies in the group to expand and grow while continuing to look for newer business opportunities in the financial services sector. The primary focus would be to drive growth using both technology and finance.
The Economic Times
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Reputation: 27,674  •  Nov 23 9:43 AM
Shriram Capital to merge with Shriram Transport Finance
Shriram Financial Ventures, which served as the holding company for SCL, will henceforth take on the roles of promoter and holding company for the Group's financial services and insurance operations.
Moneycontrol
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Reputation: 27,674  •  Oct 14 12:21 PM
Shriram City Union hikes deposit rates
Shriram City Union Finance has hiked deposit rates by 5-25 basis points across tenures starting October 14, reports Our Bureau. The highest increase of 25 bps is on deposits for 12, 18 and 24 months, which tranlates to 7%, 7.3% and 7.5%, respectively. The 60-month deposits earn 8.3%. The company has introduced an additional 10 bps benefit for women depositors and 50 bps for senior citizens.
The Economic Times
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Reputation: 27,674  •  Sep 22 5:21 AM
Buy Piramal Enterprises, target price Rs 1360: Emkay Global
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 22991.67 Crore) operating in Diversified sector.
The Economic Times
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Reputation: 27,674  •  Aug 30 8:51 AM
Shriram Transport to raise 50 billion rupees in second half of FY23
The non-banking finance company (NBFC) has already raised 50 billion rupees in the first half of this year and the additional funds raised would be separate from its existing refinancing plans amounting to 500 billion rupees, Umesh Revankar, managing director of STFC, told Reuters on Tuesday.
The Economic Times
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Reputation: 27,674  •  Aug 13 7:46 AM
Dynasty Acquisition (FPI) Ltd sells Shriram City Union Finance shares worth Rs 447 crore
At the end of June, Dynasty Acquisition (FPI) Ltd had a 20.12 per cent stake in the company. Shares of Shriram City Union Finance declined 5.26 per cent to close at Rs 1,887.60 apiece on BSE. It fell 4.74 per cent to Rs 1,896 on NSE.
The Economic Times
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Reputation: 27,674  •  Aug 13 2:41 AM
Fund houses bet big on auto, auto ancillary, vehicle finance & agri fin
Some of the big purchases by fund managers in July were UPL, Escorts Kubota, Shriram City Union Finance and Britannia. Among small-cap stocks, mutual funds bought Sapphire Foods, GMR Infra, Minda and Eureka Forbes among others.
The Economic Times
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Reputation: 27,674  •  Aug 2 11:23 AM
Buy Shriram City Union Finance; target of Rs 2500: Emkay Global Financial
Emkay Global Financial is bullish on Shriram City Union Finance has recommended buy rating on the stock with a target price of Rs 2500 in its research report dated July 29, 2022.
Moneycontrol
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Reputation: 27,674  •  Jul 30 4:18 AM
Buy Shriram City Union Finance; target of Rs 2370: Motilal Oswal
Motilal Oswal is bullish on Shriram City Union Finance recommended buy rating on the stock with a target price of Rs 2370 in its research report dated July 28, 2022.
Moneycontrol
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Reputation: 27,674  •  Jul 27 3:33 AM
Shriram City Q1 net profit rises 63% to Rs 345.35 crore
The company had reported a total comprehensive income of Rs 211.68 crore on a consolidated basis in the year-ago period.
Moneycontrol
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Reputation: 27,674  •  Jul 18 5:31 AM
Electric two-wheeler adoption gaining traction in semi-urban, rural markets: Shriram City MD & CEO
Even if people in these tier II and III centres are preferring electric two-wheelers, it will still take some time before EVs can actually make a significant impact on the number of vehicles compared to the IC (internal combustion) engine manufactured vehicles, said Shriram City Union Finance MD and CEO YS Chakravarti.
The Economic Times
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Reputation: 27,674  •  Jul 8 1:06 AM
Stocks in the news: TCS, Tata Motors, Dr Reddy's Labs, Vedanta and Alkem Labs
Jaguar Land Rover reported a 37 per cent decline in retail sales at 78,825 units in the quarter ended June.
The Economic Times
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Reputation: 27,674  •  Jul 7 1:01 AM
Stocks in the news: Dr Reddy's, Titan, IndusInd Bank, Power Grid and STFC
Vakrangee, GM Breweries, GG Automotive Gears and Sri Krishna Constructions (India) are among the companies that will announce their corporate earnings for the June 2022 quarter today.
The Economic Times
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Reputation: 27,674  •  Jul 6 12:06 PM
Shriram Transport Finance gets shareholders, creditors nod for merger
Of the total final votes, 97 per cent of the equity shareholders, and 99 per cent of the secured and unsecured creditors were in favour of the deal, according to a vote count at the company's National Company Law Tribunal (NCLT) convened meeting on July 4 2022, a release said.
The Economic Times
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Reputation: 27,674  •  Jun 22 10:28 AM
As Shriram Group merger nears completion, 500 branches of STFC, SCUF to cross-sell products: MD
Within two months, the 500 branches will likely generate leads of up to Rs 400 crore of loans, SCUF's MD Chakravarti said.
Moneycontrol
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Reputation: 27,674  •  Jun 20 1:21 AM
Shriram Group plans to add 2,500 employees for merged entity in 18-24 months
SCUF offers two-wheeler, commercial vehicle, passenger vehicle, MSME, gold and home loans, whereas STFC has a presence in the commercial vehicle financing business, consumer finance, life and general insurance and stock broking. In the back offices of SCUF and STFC, he said that there will be the rationalisation of some of the employees, who are going to be re-skilled and moved to the back offices of other group entities.
The Economic Times
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Reputation: 27,674  •  Jun 16 3:31 AM
Shriram Group receives RBI nod for merger of financial services business
In a note to the exchanges late on Wednesday, Shriram said RBI issued its No Objection to the scheme of amalgamation through a letter dated June 15. In December last year, the boards of various group companies met to approve the merger of SCL and SCUF with STFC.
The Economic Times
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Reputation: 27,674  •  Jun 15 1:01 AM
Stocks in the news: NPTC, Airtel, UPL, Asian Paints, and Yes Bank
Bharti Airtel announced Xstream multiplex, which the telco said is India's first multiplex in the metaverse. The Xstream multiplex is an extension of Airtel's Xstream Premium offering, which recently achieved a two million subscriber milestone within 100 days.
The Economic Times
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Reputation: 27,674  •  Jun 14 11:11 AM
Shriram City to raise up to Rs 300 cr by issuing bonds
A part of Shriram Group, Shriram City provides specialised services in retail and Micro Small and Medium Enterprise (MSME) lending.
The Economic Times
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Reputation: 27,674  •  May 23 1:36 AM
Shriram Group to have five regional poles ahead of merger
The company will have one JMD each based in Bengaluru, Hyderabad and Chennai along with Mumbai and Ahmedabad to handle the day to day operations of the region.
The Economic Times
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Reputation: 11,938  •  May 17 2:23 AM

Shriram City Union Fin
Daily Timeframe
1️⃣ Range getting narrower day by day
2️⃣ RSI divergence is a reversal sign
3️⃣ Break above Symmetrical Triangle Pattern can bring up a good rally - potential Breakout Candidate
⭐ CMP 1680 (1760+ imp level)
📈 DYOR before tradin......read more
Chartbusters - chart - 9326517
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Reputation: 168  •  May 16 12:06 PM

INSIDER TRADE
Date-. 12-may
category-. Promoters
Scrip name-. SHRIRAMCIT
Category-. PROMOTERS
Acquisition mode—. MARKET PURCHASED
Value—. ₹71459430. (₹7.crore)
No. of shares—. 44858
Price—.@1593
#SHRIRAMCIT #InvestmentIdeas #TradingUniversity
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Reputation: 27,674  •  May 3 5:53 AM
Buy Shriram City Union Finance; target of Rs 2150: Motilal Oswal
Motilal Oswal is bullish on Shriram City Union Finance recommended buy rating on the stock with a target price of Rs 2150 in its research report dated May 01, 2022.
Moneycontrol
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Reputation: 27,674  •  May 3 5:28 AM
Buy Shriram City Union Finance; target of Rs 2700: Emkay Global Financial
Emkay Global Financial is bullish on Shriram City Union Finance has recommended buy rating on the stock with a target price of Rs 2700 in its research report dated May 01, 2022.
Moneycontrol
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Reputation: 27,674  •  Apr 13 1:01 AM
Stocks in the news: Infosys, Hariom Pipe, Tata Steel, Shriram City and TVS Motors
The IT major Infosys along with Lestha Industries are the companies that will announce their March quarter results today.
The Economic Times
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Reputation: 20,221  •  Mar 6 12:30 PM

#SHRIRAMCIT will declare results on Mar 8, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Reputation: 1,182  •  Jan 29 2:59 AM

#SHRIRAMCIT Q3 : ST NET PROFIT UP 5 % AT 292 CR (YOY), UP 5 % (QOQ)
NII UP 7 % AT 941 CR (YOY), UP 5 % (QOQ)
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Reputation: 20,221  •  Jan 26 12:30 PM

#SHRIRAMCIT will declare results on Jan 28, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Reputation: 27,674  •  Jan 13 10:11 AM
Hero Electric partners with Shriram City Union for finance solutions
"The changing market scenario and increased preference for the electric vehicle, we have realized the need for strong finance schemes to boost the EV shift. Easy and preferred financing schemes will further favour the green mobility shift leading to a seamless ownership experience," Hero Electric CEO Sohinder Gill stated.
The Economic Times
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Reputation: 27,674  •  Jan 3 6:06 AM
Super apps way forward for big Indian shadow banks, says Shriram City Union Finance
“Three months from now, the super app should be ready, offering every financial product that a customer needs,” YS Chakravarti, CEO of the company, said.
The Economic Times
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Reputation: 27,674  •  Dec 14, 2021 3:36 AM
Post merger of lending units, Shriram to be among top five NBFCs: Shweta Daptardar
“Given that the merged lending entity will have more than almost 1.5 trillion of AUM, it should be amongst the top five to six NBFCs in the country.”
The Economic Times
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Reputation: 27,674  •  Dec 14, 2021 1:11 AM
Stocks in the news: Anand Rathi, Vodafone Idea, BPCL, PB Fintech and MCX
Anand Rathi Wealth will make its Dalal Street debut on Today. The company had raised Rs 660 crore via its IPO offering shares in the range of Rs 530-550 apiece between December 2-4.
The Economic Times
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Reputation: 27,674  •  Dec 14, 2021 12:21 PM
Shriram as a combined entity better placed to grow as economy rebounds
The Shriram Group has commenced the consolidation of its two main lending companies Shriram Transport Finance Company and Shriram City Union Finance. Umesh Revankar, vice-chairman designate of the newly merged entity to be called Shriram Finance, explains the advantages and timing of the merger.
The Economic Times
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Reputation: 27,674  •  Dec 13, 2021 12:51 PM
Shriram Group expects cross-selling, lower cost of funds and scale post-merger
The insurance and mutual fund companies of the group have been kept out of the merger. The new company will continue to sell insurance policies of multiple companies. The group, however, has not ruled out considering applying for a banking license sometime in the future.
The Economic Times
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Reputation: 27,674  •  Dec 13, 2021 11:06 AM
Market Movers: Shriram Group’s restructuring upsets STFC investors
While the restructuring promises better synergies and more efficiency, the swap ratio proposed by the group for Shriram City Unions merger with Shriram Transport irked the latters investors as it is more expensive than previously thought.
The Economic Times
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Reputation: 7,188  •  Dec 7, 2021 5:50 AM

Cash Trade

#SHRIRAMCIT buy abv 2150 tar 2173 2205 sl 2123
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Reputation: 246  •  Dec 6, 2021 10:31 AM

Shriram transport finance cmp 1450
Looks good for swing move of 5-10%
Sl below 1385
Buy in dips till 1400
#SHRIRAMCIT #NIFTY50 #NIFTYAUTO #NIFTYBANK #InvestmentIdeas
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Reputation: 27,674  •  Dec 2, 2021 8:16 AM
Shriram City Union Finance disburses highest ever loan worth Rs 1,022 cr in November
"With the increasing demand for Electric Vehicles (EVs), the NBFC foresees a rise in the average loan ticket size, which will help in touching new milestones," Shriram City Union Finance said.
The Economic Times
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Reputation: 27,674  •  Nov 30, 2021 10:21 AM
Biggest gainers & losers of the day: Go Fashions makes glamorous debut; Sigachi tanks 12%
Among stock-specific moves, Go Fashions saw a strong listing even as it faced some profit booking later on. The midcap IT players also shined. On the other hand, multibagger debutant Sigachi Industries bled the most during the session.
The Economic Times
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V
Reputation: 1,651  •  Nov 24, 2021 3:27 AM
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A
Reputation: 11,211  •  Nov 6, 2021 8:14 AM
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Reputation: 37,227  •  Oct 29, 2021 2:00 AM

Below mentioned stocks can be bought above given levels...
#KKCL above 1219
#SUBROS above 370
#SHRIRAMCIT above 2265
Watch carefully and take your trades accordingly.
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Reputation: 1,825  •  Oct 28, 2021 6:03 AM

*Shriram City Union Finance Ltd. -S* | *CMP* Rs. 2256 | *M Cap* Rs. 14904 Cr | *52 W H/L* 2602/766
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
NII came at Rs. 968 Cr vs expectation of Rs. 909 Cr, YoY Rs. 878 Cr, QoQ Rs. 920 Cr
PBP came at Rs. 579 Cr vs exp......read more
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