Short term swing trade (A): Financial Services stock | 6-7% target | Indian stock trading idea on 10 Feb 2026

NOTE

Closing Price: ₹1,063 (as of Feb 09, 2026)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Shriram Finance Limited is an Indian NBFC offering a wide range of financing and financial services. It primarily provides loans for commercial vehicles, tractors, farm and construction equipment, along with two-wheeler, used car, gold, personal, and MSME loans. The company also offers fixed and recurring deposits, insurance products, green finance, and various digital payment and utility services.

It mainly serves first-time buyers, small transport operators, MSMEs, and self-employed individuals. Formerly known as Shriram Transport Finance Company, it was renamed Shriram Finance Limited in November 2022 and was incorporated in 1979, with its headquarters in Mumbai.

Website: https://shriramfinance.in/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Disbursements and loan growth remained healthy, with disbursements rising ~14% YoY to ₹48,645 crore and AUM growing ~15% to ~₹2.92 lakh crore.
Profitability was strong: adjusted net profit (excluding last year’s one-time Shriram Housing Finance gain) increased ~21% YoY. Net interest income grew 16%, while margins stayed stable around 8.6%.
Asset quality continued to improve, with gross Stage 3 declining to 4.54% and net Stage 3 to 2.38%. Credit cost also eased to 1.62% of total assets.
Balance sheet strength improved further. Cost of liabilities fell 14 bps to 8.69%, liquidity coverage ratio remained robust at 335%, and credit ratings were upgraded, including S&P raising the rating to BBB-.
Management aims to sustain margins near 8.5% and improve ROE/ROA. While cautious on heavy CV demand, they see strength in light/small CVs and plan to scale MSME and farm equipment lending, targeting farm equipment at 5% of AUM.

Financial Highlights

Metric	Q3 FY26 (Dec 2025)	Q2 FY26 (Sep 2025)	Q3 FY25 (Dec 2024)	QoQ Change	YoY Change
Revenue / Total Income (₹ cr)	12,171	11,912	10,698	+2.2%	+13.8%
Net Interest Income (₹ cr)	6,764	6,267	5,823	+7.9%	+16.2%
Profit After Tax (₹ cr)	2,530	2,314	3,247	+9.3%	-22.1%
EPS - Basic (₹)	13.40	12.27	11.07	+9.2%	+21.1%
AUM (₹ crore)	2,91,709	2,81,309	2,54,470	+3.7%	+14.6%
Gross Stage 3 / GNPA (%)	4.54	4.57	5.38	-0.03 pp	-0.84 pp

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

After breaking out of the ascending triangle pattern, the stock surged sharply with strong bullish momentum and is now trading at an all-time high.
The momentum is likely to continue, supporting further upside in the near term.

Working with a SEBI registered investment advisor ensures every move is backed by research, not random speculation

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	67.76	Neutral
CCI-14	231.07	OverBought
MFI	56.84	Neutral
ROC	5.69	Positive
Stochastic %K	69.9	Neutral
William %R	-3.96	OverBought

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	1020	Above
10 EMA	1009	Above
20 EMA	998	Above
50 EMA	943	Above
100 EMA	870	Above
200 EMA	783	Above

Conclusion

Shriram Finance Stock Price Forecast

Based on our swing trading stock recommendations, the Shriram Finance price target will be INR 1100 - INR 1120 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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