Share price of Shriram Trans Fin falls as Nifty weakens

Share price of Shriram Trans Fin falls as Nifty weakens
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Synopsis

A total of 8,352 shares changed hands on the counter till 11:01AM (IST).

Reuters
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Shares of Shriram Transport Finance Company Ltd. slipped 0.37 per cent to Rs 1213.8 in Tuesday's trade as of 11:01AM (IST).

The stock hit a high price of Rs 1239.5 and low of Rs 1207.35 during the session.

The return on equity (ROE) for the stock stood at 11.5 per cent. Traded volume on the counter stood at 11:01AM shares and turnover at Rs 1.01 crore around that time.

The stock of Shriram Transport Finance Company Ltd. quoted a 52-week high and 52-week low prices of Rs 1696.15 and Rs 1104.05, 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 26.06 per cent stake in the company as of 31-Dec-2021, while overseas investors held 53.15 per cent and domestic institutional investors had 15.19 per cent.

Key Financials
The company reported consolidated sales of Rs 4832.33 crore for the quarter ended 31-Dec-2021, up 2.75 per cent from previous quarter's Rs 4702.81 crore and up 8.76 per cent from the year-ago quarter's Rs 4443.12 crore.

Net profit after tax for the latest quarter stood at Rs 686.02 crore, down 6.53 per cent from the same quarter a year ago.

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