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    Shriram Trans Fin rises 0.09% as Sensex slides

    Synopsis

    The stock traded at a P/E multiple of 15.51, while the price-to-book value ratio stood at 1.66.

    ETMarkets.com
    Shares of Shriram Transport Finance Company Ltd. traded at Rs 1451.7 on BSE at 12:20PM (IST) on Wednesday, up 0.09 per cent from previous close.

    The stock quoted a 52-week low price of Rs 555.9 and a high of Rs 1534.9.

    Earlier, the stock saw a gap up opening in the morning.

    A total of 45,496 lakh shares changed hands on the counter till 12:20PM (IST).

    The stock of Shriram Transport Finance Company Ltd. commanded a market value of Rs 38764.62 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 15.51, while the price-to-book value ratio stood at 1.66. Return on equity (ROE) was at 11.5 per cent, according to exchange data.

    In the BSE500 pack, 165 stocks traded in the green, while 335 stocks were in the red.

    The stock's beta value, which measures volatility in relation to the broader market, stood at 1.69.

    Promotor/FII Holding
    Promoters held 25.1 per cent in Shriram Transport Finance Company Ltd. as of 12-Jun-2021 while overseas and domestic institutional investors owned 59.64 per cent and 3.7 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 1115.41 on June 16, while the 50-DMA was at 1400.65. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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