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Shriram City Union Finance spurts on reporting 16% rise in Q1 net profit

29 Jul 2015 Evaluate

Shriram City Union Finance is currently trading at Rs 1650.90, up by 9.85 points or 0.60% from its previous closing of Rs 1641.05 on the BSE.

The scrip opened at Rs. 1640.50 and has touched a high and low of Rs. 1658.00 and Rs. 1620.00 respectively. So far 1948 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2195.95 on 27-Jan-2015 and a 52 week low of Rs. 1559.80 on 18-Aug-2014.

Last one week high and low of the scrip stood at Rs. 1691.15 and Rs. 1568.10 respectively. The current market cap of the company is Rs. 10867.68 crore.

The promoters holding in the company stood at 33.79% while Institutions and Non-Institutions held 16.64% and 49.57% respectively.

Shriram City Union Finance has reported a rise of 15.64% in its net profit at Rs 147.7 crore for the quarter ended June 30, 2015 as compared to Rs 127.72 crore for the same quarter in the previous year. The company’s total income has increased by 6.74% to Rs 917 crore for the quarter under review, from Rs 859.07 crore for the corresponding quarter of the previous year.

Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.

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