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    Buy Sundaram Finance, target price Rs 2360: HDFC Securities

    Synopsis

    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.

    SundaramAgencies
    Promoters held 38.49 per cent stake in the company as of 31-Mar-2022, while FIIs owned 9.91 per cent, DIIs 14.27 per cent.
    HDFC Securities has buy call on Sundaram Finance with a target price of Rs 2360. The current market price of Sundaram Finance is Rs 2242.1.

    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.

    Sundaram Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Dividend, Income From Sale Of Share & Securities, Lease Rentals, Other Services and Bad Debts Recovery for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1252.67 Crore, down -3.24 % from last quarter Total Income of Rs 1294.57 Crore and down -.76 % from last year same quarter Total Income of Rs 1262.32 Crore. Company reported net profit after tax of Rs 257.47 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 38.49 per cent stake in the company as of 31-Mar-2022, while FIIs owned 9.91 per cent, DIIs 14.27 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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