Tue. Jun 15th, 2021

Shares of Shriram Transport Finance Company Ltd. traded 0.34 per cent higher in Friday’s session at 12:12PM (IST). The stock opened at Rs 1479.0 and has touched an intraday high and low of Rs 1493.0 and Rs 1460.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1534.9 and a 52-week low of 555.9. About 55,980 shares changed hands on the counter so far.

Benchmark Nifty50 was up 26.35 points at 15764.10, while the BSE Sensex traded 135.3 points higher at 52435.77 at the time of writing of this report.
In the Nifty pack, 19 stocks traded the day in the green, while 30 were in the red.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 4497.87 crore, up 1.23 per cent from the previous quarter’s Rs 4443.12 crore and up 7.78 per cent from the year-ago quarter. The company reported net profit of Rs 756.7 crore for the latest quarter.

Promoter Holdings
Promoters held 26.48 per cent stake in the company as of 31-Mar-2021, while FIIs held 61.01 per cent and MFs 2.03 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1104.04 on June 11, while the 50-DMA was at Rs 1399.36. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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