Weekly Tactical Pick: Shriram Transport Finance

Amid the crisis engulfing the non-banking financial company space in the aftermath of the Infrastructure Leasing & Financial Services default, the Shriram Transport Finance Corporation stock has underperformed.

In fact, in the quarter gone by, it reported subdued numbers. Shriram Transport Finance: Soft Q3 but outlook confident; valuations reasonable.

The growth in assets under management decelerated to 14 percent year-on-year from above 20 percent seen in the previous two quarters.

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