Shriram Transport Finance Company Ltd. stock price down 0.93 per cent as Sensex slides

Shares of Company Ltd. fell 0.93 per cent to Rs 1359.75 at 01:25PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 68,555 shares with a turnover of Rs 9.36 crore till 01:25PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 17.5, while the price-to-book value ratio stood at 0.83.

Return on equity (ROE) was at 13.84 per cent, according to exchange data. The stock hit an intraday high of Rs 1390.0 and a low of Rs 1349.1 during the session and quoted a 52-week high price of Rs 1534.9 and a 52-week low of Rs 428.69.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.69.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 910.39 on March 22, while the 50-DMA was at Rs 1324.68. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 53.73. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2020, promoters held 26.48 per cent stake in the company, while overseas investors held 61.74 per cent and domestic institutional investors had 1.58 per cent.



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