Sundaram Finance has reported a 24 per cent growth in standalone profit after tax at ₹281 crore for the quarter ended June 30, 2023, when compared to a net profit of ₹226 crore in the year-ago quarter, aided by double-digit growth in interest income

Sundaram Finance Q1 profit grows 24% at ₹281 cr

Sundaram Finance Ltd. reported 25% rise in net profit to ₹281 crore in June quarter. Revenue from operations grew 27% to ₹1,187 crore. Disbursements increased 32% to ₹6,489 crore. Gross & net NPA at 2.96% & 2% respectively. Assets under management rose to ₹37,255 crore. Execs expect economic activit…

Sundaram Finance Q1 net rises 25% to ₹281 cr.

Jagsonpal Pharm, Intellect Design, Foseco India, Sundaram Finance and Fino Payments Bank, hit their fresh 52-week highs during the day.

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

Sundaram Finance (₹2,609.50) shows a bullish outlook as the stock resumes its uptrend. Supported by the 21-Month Moving Average, the stock is expected to rally further and potentially reach ₹3,450-3,500 in the next six to twelve months. A suggested stop-loss level is ₹2,380, with an exit target at ₹…

Technical Analysis: Sundaram Finance, Laurus Labs and Insecticides India

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

Sundaram Finance Holdings Ltd., (SF Holdings) reported standalone net profit for FY23 more than doubled year-on-year to ₹95 crore.

SF Holdings FY23 net more than doubles to ₹95 cr. on dividend income

On a standalone basis, net profit of Rs 94.75 crore for the year ended March 2023 was seen up 101 per cent over the Rs 46.91 crore for the corresponding period of the previous year

Sundaram Finance Holdings net profit surges 48% in FY23 to Rs 237 crore

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

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

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 Holdings is a provider of sales financing services