Shriram Transport Finance drops on profit booking

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Capital Market
Last Updated : Sep 24 2013 | 11:55 PM IST

Shriram Transport Finance Company lost 3.01% to Rs 617.20 at 11:18 IST on BSE on profit booking after gaining 14.33% in the past three trading sessions to Rs 636.35 on 23 September 2013, from a recent low of Rs 556.60 on 18 September 2013.

Meanwhile, the BSE Sensex was up 98.40 points, or 0.49%, to 19,999.36

On BSE, 4,064 shares were traded in the counter compared with average volume of 21,473 shares in the past one quarter.

The stock hit a high of Rs 636 and a low of Rs 614 so far during the day. The stock hit a 52-week high of Rs 841.80 on 28 May 2013. The stock hit a 52-week low of Rs 465.20 on 28 August 2013.

The stock had outperformed the market over the past one month till 23 September 2013, rising 13.67% compared with the Sensex's 7.46% rise. The scrip had, however, underperformed the market in past one quarter, sliding 11.4% as against Sensex's 6% rise.

The large-cap company has an equity capital of Rs 226.88 crore. Face value per share is Rs 10.

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Shriram Transport Finance Company's consolidated net profit rose 7.1% to Rs 366.27 crore on 25.2% growth in total income to Rs 2003.46 crore in Q1 June 2013 over Q1 June 2012.

Shriram Transport Finance Company is India's largest commercial vehicle finance company. It is the largest asset financing non-banking financial company (NBFC) in the country.

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First Published: Sep 24 2013 | 11:31 AM IST

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