Shriram Finance Ltd.

Shriram Transport Finance Company is currently trading at Rs. 959.65, up by 18.35 points or 1.95% from its previous closing of Rs. 941.30 on the BSE.

The scrip opened at Rs. 944.50 and has touched a high and low of Rs. 966.00 and Rs. 939.10 respectively. So far 15038 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 966.00 on 03-Jun-2014 and a 52 week low of Rs. 465.20 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 966.00 and Rs. 883.55 respectively. The current market cap of the company is Rs. 21758.05 crore.

The promoters holding in the company stood at 26.05% while Institutions and Non-Institutions held 54.95% and 19.00% respectively.

Credit rating agency, CRISIL has assigned its ‘AA/Stable’ rating to the Rs 1000 crore non-convertible debenture (NCD) issue of Shriram Transport Finance Company. The rating agency has also reaffirmed its ratings on the company’s bank facilities and other debt instruments at ‘AA/FAA+/Stable/ A1+’.

The ratings continue to reflect the company’s strong market position in the pre-owned commercial vehicle (CV) financing segment, healthy capitalisation, and comfortable earnings profile.

Shriram Transport Finance is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC. The company was with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators.