The return on equity (ROE) for the stock stood at 11.5 per cent. Traded volume on the counter stood at 01:39PM shares and turnover at Rs 8.27 crore around that time. The stock of Shriram Transport Finance Company Ltd. quoted a 52-week high price of Rs 1696.15 and 52-week low prices of Rs 849.25, 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 25.58 per cent stake in the company as of 30-Sep-2021, while FIIs held 53.67 per cent and domestic institutional investors had 6.28 per cent.
Key Financials
The company reported consolidated sales of Rs 4702.81 crore for the quarter ended 30-Sep-2021, up 1.1 per cent from previous quarter’s Rs 4651.5 crore and up 8.08 per cent from the year-ago quarter’s Rs 4351.26 crore. Net profit after tax for the latest quarter stood at Rs 774.1 crore, up 12.36 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish 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.
