Shriram Finance: A Promising Buy

Axis Securities has initiated coverage of Shriram Finance with a 'buy' recommendation and a target price of Rs 3,825 (+33%). The analysts highlight the potential for market share improvement in the used-CV segment, portfolio diversification ensuring healthy AUM growth, and steady asset quality with a lower mix of unsecured loans as key factors.

Motilal Oswal Financial Services revised its 'buy' recommendation on Siemens with a downgraded price target of Rs 8,000 (+16%). The company's growth opportunities from new-age technologies like semiconductors, batteries, photovoltaic, and electric vehicles are seen as positive despite lower capex by the government and private sectors in 1HFY25.

Hudco: Tailwinds from Housing Schemes

Bajaj Broking recommends a 'buy' on Hudco with a price target of Rs 314 (+30%). The recent PMAY-2 housing scheme is expected to drive robust disbursements over the next three years, alongside urban infrastructure financing opportunities from NHAI projects.

IPO-bound Companies Also in Focus

SBI Securities and Anand Rathi Share & Stock Brokers have given a 'subscribe for long term' rating on IPO-bound Carraro India. Similarly, Aditya Birla Capital and others have recommended 'subscribe' or 'subscribe for long term' on Senores Pharmaceuticals' IPO.

Disclaimer: The opinions, analyses, and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.