Buy Shriram Transport Finance Company, target Rs 1,050: Gaurav Bissa

Gaurav Bissa of LKP Securities has a buy call on Shriram Transport Finance Company Ltd. with a target price of Rs 1050.0 . The current market price of Shriram Transport Finance Company Ltd. is Rs 984.05. Time period given by the analyst is Intra Day when Shriram Transport Finance Company Ltd. price can reach the defined target. Gaurav Bissa recommended to keep stoploss at Rs 920 .

Shriram Transport Finance Company Ltd., incorporated in 1979, has a market cap of Rs 22351.35 crore.
Shriram Transport Finance Company Ltd. key Products/Revenue Segments include Interest which contributed Rs 15384.28 Crore to Sales Value (99.10 % of Total Sales), Commission which contributed Rs 71.31 Crore to Sales Value (0.45 % of Total Sales), Other Operating Revenue which contributed Rs 61.65 Crore to Sales Value (0.39 % of Total Sales), Dividend which contributed Rs 4.99 Crore to Sales Value (0.03 % of Total Sales) and Rental Income which contributed Rs .22 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 4053.85 Crore, up 4.71 % from last quarter Sales of Rs 3871.33 Crore and up 8.70 % from last year same quarter Sales of Rs 3729.25 Crore Company has reported net profit after tax of Rs 634.25 Crore in latest quarter. The company’s top management includes Mr.D V Ravi, Mr.Ignatius Michael Viljoen, Mr.Pradeep Kumar Panja, Mr.Puneet Bhatia, Mr.S Lakshminarayanan, Mr.S Sridhar, Mr.Umesh Revankar, Mrs.Kishori Udeshi. Company has Pijush Gupta & Co. as its auditoRs As on 30-06-2019, the company has a total of 226,882,736 shares outstanding.