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Shriram Transport reports stronger-than-expected collection efficiency; CLSA raises target by 30%

Updated : November 20, 2020 04:23 PM IST

Shriram Transport is buzzing in trade as their collection efficiency came in stronger than expected. On the back of that, CLSA has increased the target price on Shriram Transport by more than 30 percent.

They have also revised estimates for FY22 AUM growth at 10 percent YoY and cut down the estimate for FY21-22 credit cost by 78-55 basis points, which leads to a recovery in earnings. They have increased the target price from Rs 800 to Rs 1,050.

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