Shriram Finance gains, brokerages see up to 17% upside after a healthy Q1

Shares of Shriram Finance opened higher on July 28, a day after the non-bank financier reported net profit for the April-June quarter up 25.13% year-on-year to 1,675 ,44 Rs. Investors seem impressed with the improvement in asset quality. Total Phase 3 assets fell to 6.03% as of June 30, from 6.21% in the March quarter …

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