Shriram Trans Fin shares down 2.03% as Sensex rises

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1696.15 and a 52-week low of Rs 1002.5 on NSE. Around 10850 shares changed hands on the counter till 01:19PM (IST).

The stock opened at Rs 1419.0 and has touched an intraday high and low of Rs 1419.0 and Rs 1369.05 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 10.7, earnings per share (EPS) of Rs 130.04 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 August 12, 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 37641.47 crore, the company operates in the NBFC – Vehicle Finance industry. For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 5149.26 crore, up 1.21 per cent from the previous quarter?s Rs 5087.59 crore and up 10.7 per cent from the same quarter a year ago. The company reported net profit of Rs 966.52 crore for the latest quarter, up 469.38 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 52.65. 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.