Sunday , October 17 2021

Shriram Transport Finance jumps on reporting 26% rise in Q2 net profit

Shriram Transport Finance Company is currently trading at Rs. 1108.70, up by 39.00 points or 3.65% from its previous closing of Rs. 1069.70 on the BSE.

The scrip opened at Rs. 1080.40 and has touched a high and low of Rs. 1112.35 and Rs. 1066.55 respectively. So far 22034 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1296.75 on 13-Mar-2019 and a 52 week low of Rs. 909.25 on 24-Jul-2019.

Last one week high and low of the scrip stood at Rs. 1127.50 and Rs. 1062.00 respectively. The current market cap of the company is Rs. 25138.61 crore.

The promoters holding in the company stood at 26.25%, while Institutions and Non-Institutions held 65.52% and 8.23% respectively.

Shriram Transport Finance has reported 25.50% rise in its net profit at Rs 765.05 crore for the quarter ended September 30, 2019 as compared to Rs 609.58 crore for the same quarter in the previous year. Total income of the company increased by 6.89% at Rs 4219.82 crore for Q2FY20 as compared Rs 3947.75 crore for the corresponding quarter previous year.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.

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