Up 45% in 1 year, down 7% YTD: Is this multibagger NBFC stock a buying opportunity now?
AI Summary
For retail investors, Shriram Finance presents a compelling opportunity amidst broader market volatility. With a solid track record of multibagger returns and a strong long-term growth outlook, the stock could be a strategic buy, particularly if it stabilizes around the ₹909 support level. However, investors should remain cautious of potential near-term fluctuations, as macroeconomic pressures may impact short-term performance, making it essential to assess their risk tolerance before entering or adding to positions.
Even as Nifty 50 is down almost 10% over the last one year, some of its components have surged up to 45% in this period- one of them is a multibagger NBGC stock that has seen profit booking this year, raising questions if it is a stock to buy now at the current juncture.
The stock we are discussing is Shriram Finance - the heavyweight non-banking financial company (NBFC) stock, with a market capitalisation of ₹2,22,363 crore on the NSE as of 2 October.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 02 October 2026.
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