HDFC Securities is bullish on Sundaram Finance has recommended buy rating on the stock with a target price of Rs 2715 in its research report dated May 26, 2023.

Buy Sundaram Finance; target of Rs 2715: HDFC Securities

Sundaram Finance Ltd., reported standalone net profit for the fourth-quarter ended March grew 6% year-on-year to ₹316 crore on improving asset quality and tight cost control.

Sundaram Finance Q4 standalone rises 6% to ₹316 cr.

Brokerage firm B&K Securities has given a ‘hold’ rating on Sundaram Finance. The target price given by the firm is Rs 2680 per share.

Sundaram Finance hits 52-week highs on the back of robust Q4 results

Sundaram Finance logged its highest-ever annual disbursement besides achieving over ₹1,000 crore in net profit from ordinary business in FY23. The Chennai-based non-banking finance company (NBFC) recorded a 58 per cent year-on-year growth in disbursements to ₹20,966 crore in the previous fiscal, aga…

Sundaram Finance records highest disbursements in FY23

The company, a wholly-owned subsidiary of non-banking finance company Sundaram Finance Ltd, has reported net profit at Rs 65.68 crore up by 23.8 per cent from Rs 53.05 crore registered in same period of last year.

Sundaram Home Finance confident of continuing growth: MD Lakshminarayanan Duraiswamy

The NBFC will offer financing schemes and customised loans to EV customers for boosting retail sales

Sundaram Finance in pact with EV maker Altigreen for customised retail loans

The wholly-owned subsidiary of non-banking finance company Sundaram Finance also planned to hire over 100 people under the small business loans segment in the first six months of the current fiscal.

Sundaram Home Finance lines up aggressive expansion in small business loans vertical

NBFC has been playing a leading role in financing the commercial vehicle segment as compared to banks, captive financers.

M&M Finance, Shriram, Sundaram Finance - AUM Growth To Remain In Double-Digit: IDBI Capital Initiates Coverage

While the general scheme rate is increased to 7.45%, senior citizens will get 7.95%.

Sundaram Finance hikes interest rates on term deposits

Sundaram Home Finance, the wholly-owned subsidiary of non-banking finance company Sundaram Finance has set a target to disburse over Rs 10 crore under the small business loans segment, a top company official said on Saturday.

Sundaram Home Finance eyes disbursements of over Rs 10 cr in business loans

Sundaram Home Finance Ltd., the wholly-owned subsidiary of non-banking finance company Sundaram Finance has set a target to disburse over Rs 10 crore under the small business loans segment, a top company official said on Saturday.

Sundaram Home Finance Eyes Disbursements Of Over Rs 10 Crore In Small Biz Loans

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sundaram Finance Limited is engaged in financial and insurance activities. It's segments include Asset Financing, Insurance and Other Operations.