Shriram Trans Fin Share Price: Shriram Trans Fin stock price down 1.95 per cent as Sensex slides

Shares of Shriram Transport Finance Company Ltd. fell 1.95 per cent to Rs 1461.1 at 01:23PM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 58,740 shares with a turnover of Rs 8.64 crore till 01:23PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 16.77, 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 1499.05 and a low of Rs 1427.6 during the session and quoted a 52-week high price of Rs 1587.85 and a 52-week low of Rs 669.85.

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 1365.47 on October 29, while the 50-DMA was at Rs 1359.25. 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 58.35. 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-Sep-2021, promoters held 25.58 per cent stake in the company, while FIIs held 53.67 per cent and domestic institutional investors had 14.82 per cent.

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