Buy Shriram Transport Finance Company, target price Rs 1450: Yes Securities

Yes Securities has buy call on Shriram Transport Finance Company with a target price of Rs 1450. The current market price of Shriram Transport Finance Company is Rs 1198.05. Time period given by analyst is Intra Day 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 32402.85 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.

Investment Rationale
Bouncing off 45-deg support on P&F, bear trap reversal and bullish turtle breakout shows strength

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.