India's Sundaram Finance jumps on strong Q3 disbursement

Sundaram Finance

04/02/2025 06:02

** Sundaram Finance  SNFN.NS  jumps ~8% to 4,648.95 rupees
    ** NBFC posts 19% y/y growth in Q3 disbursement
    ** Systematix Institutional Equities says co gains market
share after exceptionally strong Q3 disbursements growth vs
peers
    ** Raises PT to 4,450 rupees from 4,300 rupees; retains
"hold"
    ** Stock rated "hold" on avg; median PT is 4,525 rupees -
LSEG
    ** SNFN up 4% YTD

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com))