Buy SRF Limited and Sell Shriram Transport Finance Company Limited

Buy SRF Limited:

SRF Limited

SRF Limited has officially a consolidated sales of Rs. 2,129.43 Cr for the third quarter finished on 31-12-2020, which is 2.17% up from its previous quarter sales of Rs. 2,062.98 Cr and 5.27% up from its previous year same quarter sales of Rs. 1,807.45 Cr. The company has reported a net profit after tax of Rs. 118.50 Cr in the previous quarter.

Outlook:

SRF Limited: Experts suggested Buy call at current market price: Rs. 5,714.85 with a target price: Rs. 5,850; stoploss: Rs. 5,650.

Sell Shriram Transport Finance Company Limited:

Shriram Transport Finance Company Limited

Shriram Transport Finance Company Ltd has officially announced a consolidated sales of Rs. 4,438.37 Cr for the third quarter finished on 31-12-2020, which is 0.15% up from its previous quarter sales of Rs. 4,347.75 Cr and 1.54% down from its previous year same quarter sales of Rs. 4,286.04 Cr. The company has reported a net profit after tax of Rs. 261.28 Cr in the previous quarter.

Outlook:

Shriram Transport Finance Company Ltd: Experts suggested sell call at current market price: Rs. 1,339.35 with a target price: Rs. 1,330-1,290; stoploss: Rs. 1,376.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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