Trending stocks: Shriram Transport shares climb over 2%

NEW DELHI: Shares of Shriram Transport Finance Company Ltd. traded 2.51 per cent up in Tuesday's trade at 10:27AM (IST). Around 89,028 shares changed hands on the counter.

The counter opened at Rs 703.9 and touched an intraday high and low of Rs 719.9 and Rs 695.0, respectively, in the session so far. Shares of the company of Shriram Transport Finance Company Ltd. quoted a 52-week high of Rs 1366.9 and a 52-week low of Rs 440.0.

Total market cap of the Shriram Transport Finance Company Ltd. stood at Rs 16029.27 crore at the time of writing this report.


STFC said the company's securities issuance committee has given its go-ahead to rights issue of equity shares to the promoters and promoter group to raise up to Rs 1,500 crore.

Key Financials
The company reported consolidated net sales of Rs 4168.42 crore for the quarter ended 31-Mar-2020, down 2.74 per cent from previous quarter's Rs 4286.04 crore and down 7.67 per cent from the year-ago quarter's Rs 3871.33 crore.

The net profit for latest quarter stood at Rs 224.35 crore, down 70.05 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 1.75 per cent stake in the company, while foreign institutional investors held 64.66 per cent and the promoters 26.25 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 6.38 and a price-to-book ratio of 0.88. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.