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Too early to turn positive on M&M Finance, Chola, Shriram Transport stocks

Uptick in used CV sales helped in Q3, but new vehicle sales remain weak and operational challenges haven't eased

Hamsini Karthik  |  Mumbai 

Shriram Transport Finance's stock took investors by storm last week when it gained 23 per cent, reacting to its December quarter (Q3) results. Even the stocks of its peers — Mahindra & Mahindra Financial Services (M&M Finance) and Cholamandalam Investment and Finance (Chola Finance) — had a good run after their Q3 results, prompting a section of investors to think if the tide had turned favourable for vehicle financiers.

Shriram Transport’s 19 per cent year-on-year (YoY) growth in disbursements may have particularly nudged one to think so. But, the devil lies in the ...

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First Published: Sun, February 09 2020. 20:13 IST
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