The return on equity (ROE) for the stock stood at 13.84 per cent. Traded volume on the counter stood at 10:00AM shares and turnover at Rs 2.82 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 487.15, 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 26.48 per cent stake in the company as of 31-Dec-2020, while FIIs held 61.74 per cent and domestic institutional investors had 1.58 per cent.
Key Financials
The company reported consolidated sales of Rs 4443.12 crore for the quarter ended 31-Dec-2020, up 2.11 per cent from previous quarter’s Rs 4351.26 crore and up 3.61 per cent from the year-ago quarter’s Rs 4288.2 crore. Net profit after tax for the latest quarter stood at Rs 733.97 crore, down 16.8 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.
