Shriram Finance tests ₹620 support ahead of earnings release
Shriram Finance dropped 4% ahead of Q1 results, testing key support at ₹620. Analyst Rohit Mehta says a bounce here could spark reversal, but a breakdown may signal more weakness. Despite a strong profit CAGR and loan growth, concerns around interest coverage and falling promoter stake weigh on sentiment. A close above ₹660 may revive momentum.