Shriram Transport Finance Company Ltd. shares gain 0.4% as Sensex rises

Shriram Transport Finance Company Ltd. shares gain 0.4% as Sensex rises
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Synopsis

A total of 37,123 shares changed hands on the counter till 10:46AM (IST)

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Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.

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Shares of Company Ltd. traded 0.4 per cent up at Rs 1427.55 at 10:46AM (IST) on Thursday, even as BSE benchmark Sensex gained 98.38 points to 49607.53. The stock had settled at Rs 1421.9 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1534.9 and Rs 487.15, respectively.

As per BSE data, total traded volume on the counter till 10:46AM (IST) stood at 10:46AM shares with turnover at Rs 5.36 crore.

At the prevailing price, the stock trades at 18.44 times its trailing 12-month earnings per share of Rs 77.71 per share and 0.83 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.69.

Shareholding Details
Promoters held 26.48 per cent stake in the company as of 31-Dec-2020, while FIIs owned 61.74 per cent and DIIs 5.42 per cent.

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