Wires

MARKET EYE-India's Shriram poised for strong growth-CSuisse

* Credit Suisse starts coverage of Shriram Transport

with an "outperform" rating and a target price of 745 rupees.* The investment bank expects the commercial vehicle financierto post compounded annual growth rate of 18 percent or moreover the next three years, helped as well by growth in lightcommercial vehicles and its foray into new businesses.* Credit Suisse says regulatory risks remain, including measureson off-balance sheet funding, but adds "Shriram's business modelgives it enough flexibility and strength to overcome thesechanges and still deliver 20 percent RoE (return on equity)."* Shriram shares gain 0.4 percent to 656.90 rupees after earlierhitting its highest intraday level since Sept 19, 2011.

(manoj.dharra@thomsonreuters.com)