Shriram Trans Fin shares down 0.44% as Sensex rises

Shares of

. fell 0.44 per cent to Rs 1365.35 in Monday’s session as of 12:28PM (IST) even as the equity benchmark Sensex traded 330.01 points higher at 61667.82.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1509.25 and a 52-week low of Rs 1002.5 on NSE. Around 10256 shares changed hands on the counter till 12:28PM (IST).

The stock opened at Rs 1371.6 and has touched an intraday high and low of Rs 1385.1 and Rs 1361.55 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 13.4, earnings per share (EPS) of Rs 101.84 and price to book value (PB) of 1.18, while the return on equity (ROE) stood at Rs 10.42.

Promoter/ FII Holding

The promoters held 29.3 per cent stake in the company as of December 19, while FII and MF ownerships stood at 49.97 per cent and 6.42 per cent, respectively.

Key Financials

With a market capitalisation of Rs 51098.09 crore, the company operates in the NBFC – Vehicle Finance industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 5351.28 crore, up 3.92 per cent from the previous quarter?s Rs 5149.26 crore and up 13.79 per cent from the same quarter a year ago. The company reported net profit of Rs 1069.52 crore for the latest quarter, up 38.16 per cent from the corresponding quarter last year.

Technical Indicators

The relative strength index (RSI) of the stock stands at 59.16. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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