The return on equity (ROE) for the stock stood at 11.5 per cent. Traded volume on the counter stood at 02:11PM shares and turnover at Rs 32.51 crore around that time. The stock of Shriram Transport Finance Company Ltd. quoted a 52-week high price of Rs 1534.9 and 52-week low prices of Rs 555.9, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.69.
Promotor/FII Holding
Promoters held 25.1 per cent stake in the company as of 30-Jun-2021, while FIIs held 57.47 per cent and domestic institutional investors had 4.85 per cent.
Key Financials
The company reported consolidated sales of Rs 4497.87 crore for the quarter ended 31-Mar-2021, up 1.23 per cent from previous quarter’s Rs 4443.12 crore and up 7.78 per cent from the year-ago quarter’s Rs 4173.04 crore. Net profit after tax for the latest quarter stood at Rs 756.7 crore, up 237.29 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
