Shriram Trans Fin shares gain 0.54% as Sensex falls

Shares of Shriram Transport Finance Company Ltd. traded 0.54 per cent higher in Tuesday's session at 10:20AM (IST). The stock opened at Rs 1240.15 and has touched an intraday high and low of Rs 1266.25 and Rs 1238.4, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1696.15 and a 52-week low of 1097.8. About 24,805 shares changed hands on the counter so far.

Benchmark Nifty50 was down 112.0 points at 18196.10, while the BSE Sensex traded 327.28 points lower at 60981.63 at the time of writing of this report.

In the Nifty pack, 6 stocks traded the day in the green, while 44 were in the red.


Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 4702.81 crore, up 1.1 per cent from the previous quarter's Rs 4651.5 crore and up 8.08 per cent from the year-ago quarter. The company reported net profit of Rs 774.1 crore for the latest quarter.

Promoter Holdings
Promoters held 25.58 per cent stake in the company as of 30-Sep-2021, while FIIs held 53.67 per cent and MFs 6.28 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1383.21 on January 18, while the 50-DMA was at Rs 1379.25. 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.