The stock finally ended at Rs 257, up 5%. A total of 39,581 shares were traded on the BSE today.
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(Updated at 1423 hrs)
Shriram Transport Finance Company has surged on the back of good Q4 numbers.
The stock opened up Rs 5, at Rs 250. It surged to a high of Rs 262, up 7% from the previous close. The stock is now up nearly 3% at Rs 252. A total of 18,495 shares have been traded on the BSE so far.
The stock has gained 36% in the last one month. The 52-week high of stock is Rs 360, and the 52-week low is Rs 150.
According to a release issued by the company on the BSE today, the net profit has increased 38% to Rs 153.85 crore for the quarter ended March 31, 2009 when compared to Rs 111.86 crore for the corresponding quarter a year ago. The total income has increased 28% to Rs 1,004 crore from Rs 779.43 crore.
