Shriram Trans Fin shares gain 1.98% as Sensex rises

Shares of Shriram Transport Finance Company Ltd. traded 1.98 per cent higher in Friday's session at 11:11AM (IST). The stock opened at Rs 1099.3 and has touched an intraday high and low of Rs 1108.4 and Rs 1086.25, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1696.15 and a 52-week low of 1002.5. About 32,750 shares changed hands on the counter so far.

Benchmark Nifty50 was up 376.4 points at 16185.80, while the BSE Sensex traded 1224.58 points higher at 54016.81 at the time of writing of this report.


In the Nifty pack, 49 stocks traded the day in the green, while 1 were in the red.


Key Financials
For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 5087.59 crore, up 5.28 per cent from the previous quarter's Rs 4832.33 crore and up 13.11 per cent from the year-ago quarter. The company reported net profit of Rs 1091.23 crore for the latest quarter.

Promoter Holdings
Promoters held 26.45 per cent stake in the company as of 31-Mar-2022, while FIIs held 53.88 per cent and MFs 5.3 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1283.28 on May 20, while the 50-DMA was at Rs 1130.4. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.