Shriram Trans Fin shares down 2.16% as Sensex falls

Shares of . fell 2.16 per cent to Rs 1185.35 in Thursday's session as of 01:50PM (IST) even as the equity benchmark Sensex traded 454.64 points lower at 57171.27.

Earlier in the day, the stock witnessed a start to the session. The stock quoted a 52-week high price of Rs 1696.15 and a 52-week low of Rs 1002.5 on NSE. Around 10322 shares changed hands on the counter till 01:50PM (IST).

The stock opened at Rs 1211.5 and has touched an intraday high and low of Rs 1211.5 and Rs 1176.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 9.13, earnings per share (EPS) of Rs 130.04 and price to book value (PB) of 1.18, while the return on equity (ROE) stood at Rs 10.42.

Promoter/ FII Holding
The promoters held 29.3 per cent stake in the company as of October 13, while FII and MF ownerships stood at 49.97 per cent and 6.42 per cent, respectively.

Key Financials
With a market capitalisation of Rs 32106.63 crore, the company operates in the NBFC - Vehicle Finance industry. For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 5149.26 crore, up 1.21 per cent from the previous quarter?s Rs 5087.59 crore and up 10.7 per cent from the same quarter a year ago. The company reported net profit of Rs 966.52 crore for the latest quarter, up 469.38 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 39.92. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.