Share price of Shriram Trans Fin falls as Sensex drops 287.37 points

The share price of Shriram Transport Finance Company Ltd. dropped 2.15 per cent to Rs 1306.95 at 01:20PM (IST) in Wednesday's trade. The counter has hit a high of Rs 1344.15 and low of Rs 1305.5 so far during the session. The stock had closed at Rs 1335.7 in the previous session.

The counter has had a total traded volume of 31097 shares so far with a value of Rs 4.13 crore on the NSE. It traded at a price-to-earnings multiple of 14.87 and a price-to-book ratio of 1.66.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 99.5 per cent during the past one year, while the 30-share index advanced 59.1 per cent during the same period.

Shriram Transport Finance Company Ltd. belongs to the NBFC - Vehicle Finance industry.

Promotor/FII Holding
Promoters held 25.1 per cent stake in the company as of 30-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 57.47 per cent and 4.85 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 4651.5 crore for the quarter ended 30-Jun-2021, up 3.42 per cent from the previous quarter's Rs 4497.87 crore and up 12.23 per cent from the year-ago quarter's Rs 4144.7 crore.

Profit for the latest quarter stood at Rs 169.75 crore, down 46.83 per cent from the same quarter a year ago.