Shriram Trans Fin Share Price: Shriram Trans Fin share price up 0.96 per cent

Shares of Shriram Transport Finance Company Ltd. traded 0.96 per cent up at Rs 1578.25 at around 11:32AM (IST) on Tuesday. The stock had closed at Rs 1563.2 in the previous session. Equity benchmark Sensex traded 37.05 points lower at 58428.84 around the same time.

The scrip has climbed 61.94 per cent in the last one year till date, while the 30-share index has gained 34.47 per cent during the same period.

The stock’s 52-week high price stood at Rs 1696.15 and the 52-week low price at Rs 917.95.

Trading volume on the counter stood at 11,566 shares, while it quoted a price-to-earnings ratio of 17.42, an EPS value of 90.58 and a price-to-book value of 1.66. In the Nifty50 pack, 35 stocks traded in the green, while 14 stocks were in the red.

Promoter/FII Holding
Promoters held 25.58 per cent stake in the company as of 30-Sep-2021, while overseas investor and MF ownership stood at 53.67 per cent and 6.28 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 4702.81 crore, up 1.1 per cent from the previous quarter’s Rs 4651.5 crore and up 8.08 per cent from the year-ago quarter’s Rs 4351.26 crore. The company reported net profit of Rs 774.1 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish 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 top of 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.

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