Shriram Finance Receives Dual AAA Upgrades; Morgan Stanley Sets ₹1,325 Target
Published on: April 10, 2026, 11:44 a.m. | Source: scanx.trade
Shriram Finance has achieved significant credit rating upgrades to AAA status from both ICRA and CRISIL following the strategic equity infusion from MUFG Bank Ltd worth ₹39,618 crore. Morgan Stanley maintains its Overweight rating with a target price of ₹1,325, highlighting the company's improving credit profile and narrowing funding cost advantage that supports ROA improvement, positioning it as a top pick among NBFCs.
