Despite 58% rally from March low, analysts still upbeat on this stock

Shares of Shriram Transport Finance, one of the leading players in the commercial vehicle finance segment, have jumped 58 per cent from its 52-week low of Rs 428.56, hit on March 23, 2020. On Monday, the stock settled at Rs 679.25 on the BSE and added another 2 per cent in the intra-day deals on Tuesday to Rs 692.75 levels.

For the quarter ended June 2020, the company reported around 50 per cent decline in its net profit at Rs 320.06 crore due to disruptions caused by the Covid-19 pandemic. Its total income increased by just 2.8 per cent to