With robust disbursement growth due to a pick up in heavy and medium CV, the companys C/I ratio to normalize at 32-33%, comfortable capital position and robust asset quality, will allow SUF to continue its growth momentum going forward.

Sundaram Finance, incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 26441.05 Crore) operating in NBFC sector.

Larsen & Toubro remains its top pick with a target price of ₹2,520 per share implying a 16% upside. Other picks include Ambuja Cements (target ₹660), Bosch (target ₹22,000), Federal Bank (target ₹168), and Sundaram Finance (target ₹2,890) - all translating into returns of 17-23%.

Sundaram Finance Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 26246.62 Crore) operating in NBFC sector.

Major Asian stocks opened higher on Monday as global market sentiment improved on solid US jobs data and hopes for an economic reopening in China. MSCI's index of Asia-Pacific shares outside Japan was trading 0.63 per cent higher.

“We believe that the FMCG space provides a greater margin for safety and one could make 12-15% from current level also and that is under our consumption space. Under consumption, we also like the QSR space. It is a very good category which has delivered superior returns in the last couple of years and we are betting on Westlife Development under the QSR.”

“We believe that the FMCG space provides a greater margin for safety and one could make 12-15% from current level also and that is under our consumption space. Under consumption, we also like the QSR space. It is a very good category which has delivered superior returns in the last couple of years and we are betting on Westlife Development under the QSR.”

Sundaram Finance Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 24933.37 Crore) operating in NBFC sector.

The Nifty Auto index closed 0.06 per cent up at 12537.35.

The Nifty Realty index closed 0.67 per cent down at 414.25.

The Nifty Pharma index closed 0.85 per cent up at 12705.4.

The Nifty IT index closed 0.24 per cent up at 27067.65.

On the other hand, shares of India Cements were 5.35 per cent lower at Rs 239.90 over its last days closing of Rs 253.45 a piece. The stock has risen nearly 23 per cent in the past year while it has fallen about 17 per cent in the last week.

The Nifty Auto index closed 1.71 per cent down at 13093.5.

The Nifty Pharma index closed 0.02 per cent down at 12610.65.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1252.67 crore, down 3.24 per cent from last quarter total income of Rs 1294.57 crore and down 0.76 per cent from last year same quarter total income of Rs 1262.32 crore.

ICICI Direct recommended hold rating on Sundaram Finance with a target price of Rs 2200 in its research report dated August 17, 2022.

Sundaram Finance Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 23231.26 Crore) operating in NBFC sector.

The fund may continue to go through a lean phase but has exhibited ability to deliver healthy outcomes over long term across alternating bouts of under- and outperformance.

Net Interest Income (NII) is expected to increase by 10 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 543 crore, according to Arihant Capital.

Avenue Supermarts, his flagship company and operator of D-Mart, has put the biggest dent in his fortunes during the last quarter as he held 65.2 per cent stake in the company as a promoter.

These companies had announced final dividends. Sundaram Finance (Rs 0.75 per share) had also announced a special dividend. Venus Pipes & Tubes and Precision Containeurs are among the companies that will announce their quarterly earnings today

Sundaram Finance Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 20820.86 Crore) operating in NBFC sector.

Sundaram Finance Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 17609.96 Crore) operating in NBFC sector.

The Chennai-based mortgage lender, a unit of Sundaram Finance, would raise as much as ₹4,500 crore from multiple sources to lend and replace some maturing debt, said D Lakshminarayanan, managing director, Sundaram Home Finance.

To industry watchers, billionaire investor’s investment in the two southern companies has a definite method to it

The disbursements of Sundaram Home Finance were up by 136 % to Rs 891 crore during the six-month period ending September 30, 2021 while the profit for the half year period ending September 30, 2021 was at Rs 80 crore as against Rs 99 crore during corresponding period of last year.

Total interest income fell 3 per cent to Rs 1091 crore from Rs 1122 crore a year ago. While impairment costs increased two and a half times to Rs 199 crore from Rs 68 crore a year ago.

The company, which has been diversifying into funding of passenger cars, construction and farm equipment in the past few years, would look at co-lending to build newer asset classes, said Rajiv Lochan, a former McKinsey consultant who is now the managing director of the Chennai-based lender.

Commenting on the partnership, TATA Motors, Vice- President, sales, marketing and customer care, Rajan Amba said, "...we are delighted to be partnering with Sundaram Finance to roll out special finance schemes. This is in alignment with our constant effort to fast track the availability of safe personal mobility solutions to individuals and families."

The contribution includes Rs 2.50 crore to the Chief Minister's Public Relief Fund, Rs 2.50 crore to the Tamil Nadu State Disaster Management Authority and Rs three crore towards import of oxygen concentrators, oxygen flow meters.

For the year ending March 2021, the company registered a profit after tax at Rs 809 crore compared to Rs 724 crore in the same period last year.

Nifty futures on Singapore Exchange traded 44.5 points, or 0.29 per cent, higher at 15,458.5 signaling that Dalal Street was headed for a positive start on Friday.