As of 10:20 a.m. (IST), Shriram Transport Finance Company Ltd. shares were up 1.38 percent at Rs 1231.65, while the benchmark Nifty was up 156.45 points at 17969.15.
In the previous session, the stock had finished at Rs 1214.85. The stock traded between Rs 1097.8 and Rs 1696.15 in the last 52 weeks. On the BSE, the business has a market capitalization of Rs 33218.97 crore.
So far, 12,364 shares have exchanged hands on the BSE. The stock was trading at 13.64 times its trailing 12-month EPS of Rs 90.58 per share and 1.66 times its book value at its current price. The return on equity (ROE) was Rs 11.5 per cent.
Shriram Transport Finance Company Ltd. reported consolidated sales of Rs 4702.81 crore for the quarter ended September 30, 2021, up 8.08 percent from the previous quarter. For the most recent quarter, the company reported a 12.36 percent YoY increase in net profit of Rs 774.1 crore.
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Indicators of technical nature
The stock’s relative strength index (RSI) was at on Monday. The RSI fluctuates between zero and one hundred. When the RSI number is above 70, it is called overbought, and when it is below 30, it is considered oversold.The RSI indicator, according to analysts, should not be used in isolation because it may not be enough to make a trading decision, just as a fundamental analyst cannot make a “buy” or “sell” recommendation based on a single valuation ratio.