Shriram Finance posts better-than-estimated Q3 results; should you buy, sell, or hold?

The largest auto financier, Shriram Finance, on Thursday reported a 2.3% rise in profit to Rs 1,818.34 crore for the December quarter, which was estimated at Rs 1,810 crore by analysts.

The company said its asset quality slipped during the quarter with Stage 3 gross assets rising by 8.08% to Rs 11,952.3 crore from Rs 11,058.6 crore in the year-ago period.

Here's how brokerages view Shriram Finance:

CLSA maintained 'outperform' stance

Raised the target to Rs 2,600 from Rs 2,050.

Increased the target price to Rs 2,750 from Rs 2,495.

Jefferies continued with a 'buy' call

Gave the target of Rs 2,700.

Morgan Stanley continued with 'overweight'

Goldman Sachs continued with a 'buy' rating

Raised the target to Rs 2824 from Rs 2758.

Macquarie maintained 'outperform'

The brokerage gave a target of Rs 2,340.

JP Morgan upgraded to 'overweight'

Raised the target price to Rs 2,850 from Rs 2,100.

Nomura iterated 'buy'

The brokerage gave a target of Rs 2,700.

Citi maintained 'buy'

Gave the target of Rs 2,670.

HSBC iterated a 'buy' call

Raised the target to Rs 2,720 from Rs 2,630.

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