Shriram Finance Ltd.

Shriram Transport Finance Company is currently trading at Rs. 868.30, up by 2.55 points or 0.29 % from its previous closing of Rs. 865.75 on the BSE.

The scrip opened at Rs. 870.00 and has touched a high and low of Rs. 875.50 and Rs. 850.00 respectively. So far 4050 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 1021.30 on 10-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. 970.90 and Rs. 846.00 respectively. The current market cap of the company is Rs. 19553.89 crore.

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

Shriram Transport Finance Corporation (STFC), one of the country’s largest asset finance company is expecting 12-15 per cent growth in the second half of the current financial year. Meanwhile, the company’s subsidiary, which is into infrastructure equipment finance company, is planning to finance medical and industrial equipment finance.

Separately, the company which has received board’s approval to raise Rs 3,000 crore through NCD in four tranches, managed to raise around Rs 2,000 crore in three days this week.

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.