Shriram Trans Fin Share Price: Shriram Trans Fin stock price up 2.18 per cent as Sensex climbs

Shares of Shriram Transport Finance Company Ltd. rose 2.18 per cent to Rs 1413.4 at 12:50PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 26,552 shares with a turnover of Rs 3.72 crore till 12:50PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 16.06, while the price-to-book value ratio stood at 1.66.

Return on equity (ROE) was at 11.5 per cent, according to exchange data. The stock hit an intraday high of Rs 1416.45 and a low of Rs 1381.4 during the session and quoted a 52-week high price of Rs 1534.9 and a 52-week low of Rs 626.0.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1348.08 on October 18, while the 50-DMA was at Rs 1325.49. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 62.42. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 25.1 per cent stake in the company, while FIIs held 57.47 per cent and domestic institutional investors had 11.72 per cent.

Source Link