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Sundaram Finance surges as its arm aims to double its business from Australia

09 Jun 2014 Evaluate

Sundaram Finance is currently trading at Rs. 917.00, up by 21.10 points or 2.36% from its previous closing of Rs. 895.90 on the BSE.

The scrip opened at Rs. 900.00 and has touched a high and low of Rs. 917.00 and Rs. 889.00 respectively. So far 1479 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 955.00 on 04-Jun-2014 and a 52 week low of Rs. 463.10 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 955.00 and Rs. 870.00 respectively. The current market cap of the company is Rs. 9943.80 crore.

The promoters holding in the company stood at 36.07% while Institutions and Non-Institutions held 12.78% and 51.16% respectively.

Sundaram Business Services (SBS), the BPO arm of Sundaram Finance is targeting to double its business from Australia over the next three years. The company is looking to expand its base in Australia both by expanding its engagement with existing customers and by acquiring new customers.

Sundaram Business Services provides back office services in pension fund administration, accounting, lending, portfolio management and hospitality for Australian customers.

The company has over 50 overseas clients, predominantly in the fund accounting space in Australia. The Australian market contributes over 50% to its BPO business.

Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes. The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation.

Sundaram Finance Share Price

5024.30 22.60 (0.45%)
21-Apr-2026 10:04 View Price Chart
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