Buy Shriram Finance: Prabhudas Lilladher Sets Rs 1060 Target Amid MUFG Investment

• Prabhudas Lilladher recommends a 'BUY' rating for Shriram Finance with a revised target price of Rs 1060.
• Japanese lender MUFG Bank is investing Rs 396.2 billion in Shriram Finance through preference shares.
• This investment will significantly strengthen Shriram Finance’s capital base and balance sheet resilience.
• It provides long-term growth capital to support expansion across various lending segments.
• The equity infusion is expected to boost CRAR by approximately 15%, potentially leading to a rating upgrade.

Why It Matters: Prabhudas Lilladher recommends buying Shriram Finance, targeting Rs 1060, boosted by MUFG Bank's investment.