Shriram Finance Falls 4.7% as Loan Growth Outlook Is Cut
Shriram Finance shares fell 4.7% to 825.5 rupees after the lender lowered its annual loan growth forecast and warned of higher credit costs, overshadowing better-than-expected second-quarter profit.
Shares of India's Shriram Finance NSE:SHRIRAMFIN fell on Monday after the non-bank lender lowered its annual loan growth forecast and warned of higher credit costs, overshadowing a better-than-expected second-quarter profit.Shares of the company were down 4.7% at 825.5 rupees, as of 9:15 a.m. IST.