Shriram Trans Fin Share Price: Shriram Trans Fin shares up 1.33% as Nifty gains

Shares of Shriram Transport Finance Company Ltd. rose 1.33 per cent to Rs 1440.25 in Thursday’s trade. It hit an intraday high of Rs 1444.4 and low of Rs 1411.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 1534.9 and low of Rs 555.9.

As of 11:53AM (IST), the counter saw total traded volume of 157,632 shares with a traded value of Rs 22.49 crore, according to NSE.

The stock had closed at Rs 1421.35 in the previous session.

The scrip has declined -0.71 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.62 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 15.38 while price-to-book ratio stood at 1.66. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the NBFC – Vehicle Finance industry.

Promoter/FII Holding
Promoters held 25.1 per cent stake in the company as of 12-Jun-2021, while FII and MF ownership in the firm stood at 59.64 per cent and 3.7 per cent, respectively.

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 the previous quarter’s Rs 4443.12 crore and up 7.78 per cent from the year-ago quarter’s Rs 4173.04 crore. Its net profit for the latest quarter stood at Rs 756.7 crore, up 237.29 per cent from the same quarter a year ago.

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