Shriram Trans Fin Share Price: Shriram Trans Fin shares drop 1.4% as Sensex rises

Shares of Shriram Transport Finance Company Ltd. traded 1.4 per cent lower in Thursday’s session at 02:07PM (IST). The stock opened at Rs 1580.0 and has touched an intraday high and low of Rs 1580.2 and Rs 1530.5, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1696.15 and a 52-week low of 917.95. About 32,086 shares changed hands on the counter so far.

Benchmark Nifty50 was up 86.65 points at 17501.70, while the BSE Sensex traded 349.67 points higher at 58690.66 at the time of writing of this report.

In the Nifty pack, 21 stocks traded the day in the green, while 29 were in the red.

Key Financials

For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 4702.81 crore, up 1.1 per cent from the previous quarter’s Rs 4651.5 crore and up 8.08 per cent from the year-ago quarter. The company reported net profit of Rs 774.1 crore for the latest quarter.


Promoter Holdings

Promoters held 25.58 per cent stake in the company as of 30-Sep-2021, while FIIs held 53.67 per cent and MFs 6.28 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1396.75 on November 25, while the 50-DMA was at Rs 1455.66. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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