Espresso Shot of the Day - Shriram Transport Finance Co. Ltd up by 4.90 percent

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Espresso Shot of the Day - Shriram Transport Finance Co. Ltd up by 4.90 percent

June 30, 2022
Espresso Shot of the Day - Shriram Transport Finance Co. Ltd up by 4.90 percent

SHRIRAM TRANSPORT FINANCE CO. LTD 1283.55  (+4.90%) BSE – INE721A01013 | 30TH JUNE 2022

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Shriram Transport Finance Co. Ltd was incorporated in the year 1979. It is registered as a Deposit taking NBFC with the Reserve Bank of India under section 45IA of the Reserve Bank of India Act, 1934. Shriram understood the power of ‘Aspiration’ much before marketing based on ‘Aspiration’ became fashionable. In line with this, STFC decided to finance the much neglected Small Truck Owner. Shriram started lending to the Small Truck Owner to buy new trucks.


Recent Drivers

  • On June 30,2022, Shriram Transport Finance Company (STFC) a part of the Shriram Group, announced a hike in fixed deposit rates by 15 to 25 basis points (0.15 per cent p.a. to 0.25 per cent p.a.) across different tenures. The new rates came into effect from May 20, 2022. The revised interest rates apply to tenures between 30 months to 60 months.
  • On June 28,2022, the NBFC announced that its board will consider raising funds by issuing redeemable non-convertible debt securities including bonds in onshore/offshore market via private placement and/or public issue.
  • On June 16,2022, The Shriram Group secured RBI approval for the merger of Shriram City Union Finance and Shriram Capital Ltd with Shriram Transport Finance Company in a consolidation set to create the largest retail finance NBFC in the country.
  • The merger would help the group bring together all its lending products – Commercial vehicles, Two-Wheeler Loans, Gold Loan, Personal Loan, Auto Loan & Small Enterprise Finance - under a single roof, thereby creating a financial powerhouse which would end up being a market leader in all the product and consumer segments that it operates in.
  • On June 9,2022, Shriram Transport Finance Co. Ltd secured a long-term funding of $250 million from the International Development Finance Corporation (DFC), the US government’s development finance institution.
  • On April 29,2022, the Company reported a quarterly Net Profit of Rs. 1,091.23 crores in March 2022, up 44.21% from Rs.756.70 crores in March 2021.
  • On April 29,2022, Company reported Net Sales at Rs 5,081.61 crores in March 2022, up 13.08% from Rs.4,493.97 crores in March 2021.
 (Sources: BSE, Moneycontrol, Business Standard, Economics Times,Business World)


Technical Force*

  • S&P BSE 100 month till date lose by -5.17%
  • 3 months avg. NSE volume: 12,31,311
  • Quantity traded: 33,438| Deliverable quantity: 6,136 (18.35%)
  • Stock price jumped by more than 20% from a one-year low level: 1002.50 (March 8, 2022)
  • Daily RSI (14) is near Overbought territory today.
  • 52-week-high: 1696.15| 52-week-low: 1002.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2241.78

1968.97

1593.13

1320.32

944.48

671.67

295.83

    -

Fibonacci Pivot

1968.97

1721.18

1568.10

1469.51

1320.32

1171.13

1072.53

919.45

671.67


Today’s Close

1283.55

SMA

BSE

10 DAY

1208.08

20 DAY

1184.81

50 DAY

1157.02

200 DAY

1263.10


Some Key Ratios (Source: BSE)

Market Cap: 34,722.56 Crores

PE: 12.82

OPM%: -

ROE%: 10.44

Promoters holding%: 26.45

Prev. Close: 1223.60


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Private Ltd. is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.