Buy Shriram Transport Finance; target Rs 1370: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Shriram Transport Finance Company with a target price of Rs 1370. The current market price of Shriram Transport Finance Company is Rs 1273.6. Time period given by analyst is Intra Day when Shriram Transport Finance price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1220. Shriram Transport Finance Company, incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 28895.79 crore) operating in Finance sector.

Shriram Transport Finance Company key Products/Revenue Segments include Interest which contributed Rs 12111.98 crore to Sales Value (99.26 per cent of Total Sales), Commission which contributed Rs 73.66 crore to Sales Value (0.60 per cent of Total Sales), Income From Financial Services which contributed Rs 12.05 crore to Sales Value (0.09 per cent of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 3.97 crore to Sales Value (0.03 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 3937.99 crore, up 5.51 per cent from last quarter Sales of Rs 3732.45 crore and up 32.20 per cent from last year same quarter Sales of Rs 2978.90 crore Company has reported net profit after tax of Rs 609.58 crore in latest quarter. The company’s top management includes Mr.Amitabh Chaudhry, Mr.D V Ravi, Mr.Gerrit Lodewyk Van Heerde, Mr.Pradeep Kumar Panja, Mr.Puneet Bhatia, Mr.S Lakshminarayanan, Mr.S M Bafna, Mr.S Sridhar, Mr.Umesh Revankar, Mrs.Kishori Udeshi.