Share price of Shriram Trans Fin jumps as Sensex gains 1261.46 points

Share price of Shriram Trans Fin jumps as Sensex gains 1261.46 points
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Synopsis

A total of 34,956 shares changed hands on the counter till 10:05AM (IST)

Analysts see 15,900 to continue to pose as the immediate resistance.
Share price of Shriram Transport Finance Company Ltd. gained 7.16 per cent to Rs 1143.0 at 10:05AM (IST) in Friday's trade. The stock hit a high of Rs 1146.8 and low of Rs 1100.0 so far during the session. The stock had closed at Rs 1066.6 in the previous session.

The counter had a total traded volume of 10:05AM shares so far with a turnover of Rs 3.95 crore on BSE. The stock traded at a price-to-earnings multiple of 12.36 and a price-to-book ratio of 1.66.

A higher price-to-earnings 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 is the measure of the price that investors are ready to pay even for no growth in the business.

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

Promotor/FII Holding
Promoters held 26.06 per cent stake in the company as of 31-Dec-2021, while FIIs and domestic institutional investors ownership stood at 53.15 per cent and 15.19 per cent, respectively.

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

Its profit 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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