Shriram Transport Finance Company rose 1.16% to Rs 670 at 14:40 IST on BSE after consolidated net profit rose 7.07% to Rs 366.27 crore on 25.24% growth in total income to Rs 2003.46 crore in Q1 June 2013 over Q1 June 2012.
The Q1 result was announced during trading hours today, 23 July 2013.
Meanwhile, the S&P BSE Sensex was up 128.42 points or 0.64% at 20,287.54.
On BSE, 43,000 shares were traded in the counter as against average daily volume of 4 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 2.35% at the day's high of Rs 677.90 so far during the day. The stock lost as much as 1.12% at the day's low of Rs 654.85 so far during the day. The stock had hit a 52-week low of Rs 538.90 on 23 July 2012. The stock had hit a 52-week high of Rs 841.80 on 28 May 2013.
The stock had underperformed the market over the past one month till 22 July 2013, sliding 7.78% compared with the Sensex's 7.38% jump. The scrip had also underperformed the market in past one quarter, declining 5.03% as against Sensex's 5.16% rise.
The large-cap company has equity capital of Rs 226.86 crore. Face value per share is Rs 10.
Shriram Transport Finance Company's net interest income (NII) rose 14.12% to Rs 962.88 crore in Q1 June 2013 over Q1 June 2012.
Shriram Transport Finance Company is India's largest commercial vehicle finance company. It has pan India presence with 569 branch offices. It is the largest asset financing non-banking financial company (NBFC) in the country.
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