shriram finance

Stock market recommendations: shriram finance, Cummins India are the top stocks that Motilal Oswal Wealth Management Research Desk has recommended for the week starting June 8, 2026. The brokerage has also shared target levels and possible upside.

Stock markets surged on Monday, with Sensex and Nifty crossing significant milestones. Easing West Asian tensions and falling crude oil prices fueled investor optimism, particularly after US President Trump indicated a deal with Iran was largely negotiated. Banking stocks led the rally, while global markets also saw gains.

Indian equity benchmarks, Sensex and Nifty, extended their losses for a fourth consecutive session, plunging nearly 2% on Tuesday. Rising crude oil prices, sustained foreign fund outflows, and escalating West Asia conflict uncertainty contributed to the broad-based selloff, impacting IT, realty, and consumer durable stocks.

Goldman Sachs maintained a buy rating on Reliance Industries, citing potential margin recovery and strong retail growth despite a Q4FY26 EBITDA miss. Nomura also holds a buy on Axis Bank, highlighting attractive valuations and strong loan growth. HSBC recommends buying shriram finance, anticipating RoA expansion despite revised AUM growth forecasts.

Dalal Street eyes US-Iran conflict, crude oil, and corporate earnings for direction. HDFC Bank and ICICI Bank reported Q4 results, with the former warning of West Asia conflict risks. Analysts anticipate continued focus on geopolitical developments and their impact on global markets and capital flows.

According to Umesh Revankar, who has been named executive VC of the merged entity, shriram finance would be the largest retail non-banking finance company (NBFC) with assets under management of Rs 1.7 lakh crore and with net worth of Rs 40,900 crore.

shriram finance Limited (SFL) has entered into a definitive agreement with MUFG Bank Ltd., Japan's largest bank and a part of Mitsubishi UFJ Financial Group (MUFG), for an investment of Rs 39,618 crore, the company informed stock exchanges in a regulatory filing on Friday.

In the past year, shriram finance went up nearly 70%, compared with Nifty 50’s 28% gains. Still, the stock is trading at a lower valuation compared to its peers

shriram finance — the entity created from the merger of Shriram Transport Finance and Shriram City Union Finance — will reduce the share of vehicle finance from its book from 77.5% to around 60%.

shriram finance is looking to have a growth in retail deposits of 25 by 2030, as well as a growth in its overall assets under management. The company is also looking to foray into new products, such as supply chain finance and educational loan segments.