JM Financial has recommended a ‘Buy’ call on Five-Star Business Finance with a revised target price of INR 1020. The company has shown a strong growth trajectory, achieving healthy AUM growth and sustained profitability metrics. With its unique positioning and deep understanding of the customer segment, Five-Star is expected to maintain its growth and deliver on profitability and asset quality metrics.
Shriram Finance CEO YS Chakravarti discusses the company’s growth and outlook for the second half of the year. He expects the company to beat its 19% growth figure and achieve around 20% growth.
