Shriram Transport Finance share price: Buy Shriram Transport Finance Company, target price Rs 1535: Yes Securities

Yes Securities has buy call on Company with a target price of Rs 1535. The current market price of Shriram Transport Finance Company Ltd. is Rs 1458.

Time period given by analyst is Intra Day when Shriram Transport Finance Company Ltd. price can reach defined target.

Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 38932.86 Crore) operating in NBFC sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 4497.87 Crore, up 1.23 % from last quarter Total Income of Rs 4443.12 Crore and up 7.78 % from last year same quarter Total Income of Rs 4173.04 Crore. Company reported net profit after tax of Rs 754.93 Crore in latest quarter.


Investment Rationale
The stock has resumed its uptrend after taking support at the cluster of key short-term moving averages. Further, it is on the verge of a breakout from a trendline resistance placed at Rs 1,465. A successful breakout will extend the uptrend, taking the stock higher. RSI is also suggesting an extended uptrend in the coming sessions.


Promoter/FII Holdings
Promoters held 26.5 per cent stake in the company as of March 31, 2021, while FIIs held 61 per cent, DIIs 6.9 per cent and public and others 5.6 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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