Buy Shriram Transport Finance Company, target price Rs 1380: Axis Securities

Axis Securities has buy call on Shriram Transport Finance Company with a target price of Rs 1380. The current market price of Shriram Transport Finance Company is Rs 1264.9. Time period given by analyst is 4 weeks when Shriram Transport Finance Company Ltd. price can reach defined target.

Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 33687.82 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 31-03-2022, the company reported a Consolidated Total Income of Rs 5087.59 Crore, up 5.28 % from last quarter Total Income of Rs 4832.33 Crore and up 13.11 % from last year same quarter Total Income of Rs 4497.87 Crore. Company reported net profit after tax of Rs 1086.13 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 26.45 per cent stake in the company as of 31-Mar-2022, while FIIs owned 53.88 per cent, DIIs 14.0 per cent.