Shares of Shriram Finance fell 2% following profit-booking, after a strong 16% rally over six sessions that pushed the stock to a fresh 52-week high of Rs 983.70.
The recent surge came on the back of investor optimism surrounding MUFG Bank’s landmark investment in the NBFC. Analysts suggest that short-term corrections are natural after such sharp gains, providing an opportunity for long-term investors to assess their positions.
