Shriram Finance Soars: MUFG's Rs 39,600-Cr Investment Fuels Bullish Brokerage Targets

• Shriram Finance shares jumped 3.7% after MUFG Bank's Rs 39,600-crore investment for a 20% stake.
• Global brokerages issued bullish calls, projecting up to 33% further upside for the stock.
• MUFG's investment is India's largest foreign direct investment in the financial services sector.
• Brokerages like Nomura, Jefferies, CLSA, IIFL Finance, and Kotak raised target prices, citing balance sheet strength, improved funding, and growth prospects.
• The deal is expected to strengthen Shriram Finance's balance sheet, bolster growth, and potentially lead to a credit rating upgrade.

Why It Matters: MUFG's massive investment in Shriram Finance drives stock surge and bullish long-term outlook.