Shriram Trans Fin shares down 1.61% as Sensex rises

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Shares of Shriram Transport Finance Company Ltd. fell 1.61 per cent to Rs 1145.45 in Tuesday’s session as of 01:54PM (IST) even as the equity benchmark Sensex traded 227.34 points higher at 57394.08.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1696.15 and a 52-week low of Rs 1002.5 on NSE. Around 18843 shares changed hands on the counter till 01:54PM (IST).

The stock opened at Rs 1174.9 and has touched an intraday high and low of Rs 1188.45 and Rs 1138.3 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 12.93, earnings per share (EPS) of Rs 88.22 and price to book value (PB) of 1.66, while the return on equity (ROE) stood at Rs 11.5.

Promoter/ FII Holding
The promoters held 26.45 per cent stake in the company as of April 19, while FII and MF ownerships stood at 53.88 per cent and 5.3 per cent, respectively.

Key Financials

With a market capitalisation of Rs 30863.59 crore, the company operates in the NBFC – Vehicle Finance industry. For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 4832.33 crore, up 2.75 per cent from the previous quarter?s Rs 4702.81 crore and up 8.76 per cent from the same quarter a year ago. The company reported net profit of Rs 686.02 crore for the latest quarter, down 6.53 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 48.03. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.



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