Shriram City Union Finance rose 5.76% to Rs 1,790.80 at 10:07 IST on BSE on bargain hunting after the stock fell 5.64% in the preceding four trading sessions to Rs 1,693.25 on 18 September 2014, from a recent high of Rs 1,794.50 on 12 September 2014.
Meanwhile, the BSE Sensex was up 28.21 points, or 0.10%, to 27,140.42.
On BSE, so far 135 shares were traded in the counter, compared with an average volume of 444 shares in the past one quarter.
The stock hit a high of Rs 1,798 and a low of Rs 1,733.70 so far during the day. The stock hit a record high of Rs 1,827.80 on 24 July 2014. The stock hit a 52-week low of Rs 935 on 4 March 2014.
The stock had outperformed the market over the past one month till 18 September 2014, rising 8.36% compared with 2.73% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.58% as against Sensex's 7.39% rise.
The large-cap company has an equity capital of Rs 65.90 crore. Face value per share is Rs 10.
Net profit of Shriram City Union Finance rose 8.77% to Rs 127.72 crore on 6.6% rise in operating income to Rs 859.07 crore in Q1 June 2014 over Q1 June 2013.
Shriram City Union Finance is a financial services company specializing in retail finance. It has a comprehensive range of offerings comprising finance for two wheelers and three wheelers, four wheeler finance (both new and pre-owned passenger and commercial vehicles), personal loans, small business loans, and loan against gold.
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