Shriram Transport Finance Corporation, the non-banking finance company's 2nd quarter profit is seen rising 16.4 per cent y-o-y to Rs 393.5 crore, as per estimates. Net interest income, the difference between interest earned and interest expended, can jump 14.7 per cent to Rs 1,369.7 crore in the quarter ended September 2016 as compared with Rs 1,193.8 crore in the corresponding period last financial year. Analysts are of the view that if net interest margin comes above 7.25 per cent (against 7.35 per cent in Q1) and gross non-performing assets fall below 6.5 per cent (6.38 per cent in Q1) then that will be positive. They also expect asset under management growth at 20-22 per cent Y-o-Y.
This morning, Shriram Transport share price tanked 0.21 per cent. The stock opened with a fall of 3 points at Rs. 1154.20 as compared to its previous closing at Rs. 1154.60. Till now, the day’s high and low of the stock is seen at Rs. 1158.20 and Rs. 1148.45 respectively. As soon as the trading session commenced on 25th Oct, around 14,270 shares are traded in the counter with a traded value of Rs.164.56 lacs, as per NSE.
Shriram Transport share price touched its 52 week high value at Rs. 1,324.40 on 1st Aug ’16 whereas the 52 week low is seen at Rs. 736.95 on 21st Jan ‘16. The market cap of the company amounts to Rs. 26195.88 (Cr) and has a book value of Rs. 448.89. Shriram Transport is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Shriram Transport is fundamentally strong and is safe for investment, as per Dynamic analysts.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Shriram Transport share price history.
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