Shriram Trans Fin Share Price: Shares of Shriram Trans Fin rise as Nifty gains

Shares of Shriram Transport Finance Company Ltd. gained 1.61 per cent to Rs 1451.0 in Wednesday’s trade as of 10:10AM (IST). It hit a high of Rs 1457.55 and low of Rs 1405.55 during the session.

The stock quoted a 52-week high price of Rs 1534.9 and a low of Rs 645.5. The return on equity for the stock stood at 11.5 per cent. About 225,733 shares have changed hands on the counter so far.

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

The scrip has been an outperformer, up 120.06 per cent in the past one year in comparison with a 52.4 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 645.5 on October 20, while the 50-DMA was at Rs 1329.75. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 25.1 per cent stake in Shriram Transport Finance Company Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 4.85 per cent and 57.47 per cent stake.

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