Shriram Transport Finance Company gained 4.14% to Rs 1,262 at 15:30 IST on BSE after net profit rose 16.5% to Rs 374.10 crore on 14.13% rise in total income to Rs 2685.99 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during market hours today, 27 July 2016.Meanwhile, the BSE Sensex was up 64.33 points, or 0.23% to 28,040.85.
On BSE, so far 1.15 lakh shares were traded in the counter, compared with an average volume of 35,000 shares in the past two weeks. The stock hit high of Rs 1,265.95 and low of Rs 1,205.
Shriram Transport Finance Company's net interest income rose 18.53% to Rs 1346.10 crore in Q1 June 2016 over Q1 June 2015. Total Assets under Management as on 30 June 2016 stands at Rs 74808.46 crore as compared to Rs 60531.72 as on 30 June 2015.
Shriram Transport Finance Company is the largest asset financing NBFC. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks.
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