Shriram Trans Fin shares rise 0.77 per cent in Tuesday’s trading session

Shares of Shriram Transport Finance Company Ltd. rose 0.77 per cent to Rs 1400.7 in Tuesday’s trade as of 02:28PM (IST) even as the benchmark Nifty ruled at 15657.80, down 94.6 points.

The scrip had closed at Rs 1389.95 in the previous session. The stock quoted a 52-week low of Rs 555.9 and a high of Rs 1534.9. The company quoted a market-cap of Rs 37600.29 crore on the BSE.

On BSE, 150,487 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 15.05 times its trailing 12-month EPS of Rs 93.57 per share and 1.66 times its book value. The return on equity (ROE) stood at Rs 11.5.

Key Financials

For the quarter ended 31-Mar-2021, Shriram Transport Finance Company Ltd. reported consolidated sales of Rs 4497.87 crore, up 7.78 per cent from the same quarter a year ago. The company reported 237.29 per cent YoY growth in net profit at Rs 756.7 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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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