Share price of Shriram Trans Fin rises as Nifty strengthens

Share price of Shriram Trans Fin rises as Nifty strengthens
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Synopsis

A total of 41,141 shares changed hands on the counter till 11:53AM (IST).

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Analysts said Nifty faced stiff resistance near 9,500 on Friday and remained mostly rangebound between 9,000 and 9,500 levels.
Shares of Shriram Transport Finance Company Ltd. gained 0.95 per cent to Rs 1299.0 in Thursday's trade as of 11:53AM (IST).

The stock hit a high price of Rs 1309.3 and low of Rs 1273.75 during the session.

The return on equity (ROE) for the stock stood at 13.84 per cent. Traded volume on the counter stood at 11:53AM shares and turnover at Rs 5.31 crore around that time.

The stock of Shriram Transport Finance Company Ltd. quoted a 52-week high and 52-week low prices of Rs 1534.9 and Rs 514.52, respectively.

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

Promotor/FII Holding
Promoters held 26.48 per cent stake in the company as of 31-Mar-2021, while overseas investors held 61.01 per cent and domestic institutional investors had 6.87 per cent.

Key Financials
The company reported consolidated sales of Rs 4497.87 crore for the quarter ended 31-Mar-2021, up 1.23 per cent from previous quarter's Rs 4443.12 crore and up 7.78 per cent from the year-ago quarter's Rs 4173.04 crore.

Net profit after tax for the latest quarter stood at Rs 756.7 crore, up 237.29 per cent from the same quarter a year ago.

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