Add Sundaram Finance, target price Rs 2467: ICICI Securities

ICICI Securities has add call on Sundaram Finance with a target price of Rs 2467. The current market price of Sundaram Finance is Rs 2043.15. Time period given by analyst is one year when Sundaram Finance Ltd. price can reach defined target.

Sundaram Finance Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 22687.41 Crore) operating in NBFC sector.

Sundaram Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Dividend, Lease Rentals, Other Services, Bad Debts Recovery for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1289.80 Crore, down -.71 % from last quarter Total Income of Rs 1298.99 Crore and down -7.59 % from last year same quarter Total Income of Rs 1395.73 Crore. Company reported net profit after tax of Rs 262.87 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 35.89 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.43 per cent, DIIs 11.76 per cent.