Finance
Hold Sundaram Finance, target price Rs 2200: ICICI Direct
Sundaram Finance Ltd., included within the 12 months 1954, is a Massive Cap firm (having a market cap of Rs 23231.26 Crore) working in NBFC sector.
Sundaram Finance Ltd. key Merchandise/Income Segments embrace Curiosity, Charges & Fee Earnings, Dividend, Earnings From Sale Of Share & Securities, Lease Leases, Different Companies and Dangerous Money owed Restoration for the 12 months ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the corporate reported a Consolidated Complete Earnings of Rs 1252.67 Crore, down -3.24 % from final quarter Complete Earnings of Rs 1294.57 Crore and down -.76 % from final 12 months similar quarter Complete Earnings of Rs 1262.32 Crore. Firm reported internet revenue after tax of Rs 257.47 Crore in newest quarter.
Funding Rationale
Sundaram Finance’s share value has grown ~1.4x up to now 5 years. With enhancing outlook of auto finance phase, the brokerage believes Sundaram Finance is a play on the automobile finance theme however would anticipate a transparent image on aggressive depth and earnings trajectory
Promoter/FII Holdings
Promoters held 38.49 per cent stake within the firm as of 31-Mar-2022, whereas FIIs owned 9.91 per cent, DIIs 14.27 per cent.
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