India's Shriram Finance at record high on beating quarterly profit view

** Shares of Shriram Finance SHRIRAMFIN extend gains with a 5.6% climb to 791.60 rupees

** Stock at record high after quarterly update on Friday, ans is top Nifty 50 gainer

** The non-banking lender beats second-quarter profit view, posts a profit of 23.07 billion rupees ($262.47 million) vs 22.29 billion rupees last year, as per data compiled by LSEG

** Jefferies says SHMF among top NBFC picks and expects Net Interest Margins to improve in the second half as excess liquidity gets absorbed

** HSBC and CLSA lift TP to 900 rupees and 840 rupees, respectively, and maintains "buy" and "outperform"

** Co poised for strong ROA and ROE, driven by steady growth in segments such as new vehicles and gold loans, lower funding costs and disciplined cost control - HSBC

** SHMF says net interest income rises 11.8% y/y; AUM jumps 16%, driven by growth in vehicle loans

** YTD, SHMF up 37%

($1 = 87.8950 Indian rupees)