iStockChandan of has sell call on with a target price of Rs 1145. The current market price of Shriram Transport Finance Company is Rs 1209.75.
., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 32841.09 Crore) operating in NBFC sector.
Shriram Transport Finance Company Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Income From Financial Services, Fees & Commission Income, Other Operating Revenue and Rental Income for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 5149.26 Crore, up 1.21 % from last quarter Total Income of Rs 5087.59 Crore and up 10.70 % from last year same quarter Total Income of Rs 4651.50 Crore. Company reported net profit after tax of Rs 965.27 Crore in latest quarter.
Investment Rationale
Lower highs–lower lows from the last three weeks and a breakdown below its 50 WEMA
Promoter/FII Holdings
Promoters held 29.3 per cent stake in the company as of 30-Jun-2022, while FIIs owned 49.97 per cent, DIIs 15.23 per cent.
., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 32841.09 Crore) operating in NBFC sector.
Shriram Transport Finance Company Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Income From Financial Services, Fees & Commission Income, Other Operating Revenue and Rental Income for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 5149.26 Crore, up 1.21 % from last quarter Total Income of Rs 5087.59 Crore and up 10.70 % from last year same quarter Total Income of Rs 4651.50 Crore. Company reported net profit after tax of Rs 965.27 Crore in latest quarter.
Investment Rationale
Lower highs–lower lows from the last three weeks and a breakdown below its 50 WEMA
Promoter/FII Holdings
Promoters held 29.3 per cent stake in the company as of 30-Jun-2022, while FIIs owned 49.97 per cent, DIIs 15.23 per cent.
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