Shriram Finance Ltd.

Shriram Transport Finance Company is currently trading at Rs. 710.60, up by 6.10 points or 0.87% from its previous closing of Rs. 704.50 on the BSE.

The scrip opened at Rs. 709.95 and has touched a high and low of Rs. 714.00 and Rs. 708.20 respectively. So far 3032 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 800.00 on 15-Jan-2013 and a 52 week low of Rs. 475.00 on 16-May-2012.

Last one week high and low of the scrip stood at Rs. 718.20 and Rs. 699.25 respectively. The current market cap of the company is Rs. 22758.49 crore.

The promoters holding in the company stood at 25.79% while Institutions and Non-Institutions held 43.28% and 30.93% respectively.

Shriram Transport Finance Company is observing a recovery in the loan demand for vehicle finance and expected that credit growth will return to normalcy in the next fiscal. The entity’s loan growth is expected to slow down to 10-15% level in the current fiscal.

The company has reported 14.31% rise in its net profit at Rs 345.99 crore for the quarter ended December 31, 2012 as compared to Rs 302.68 crore for the same quarter in the previous year. Total income of the company has increased by 13.38% at Rs 1678.14 crore for quarter under review as compared to Rs 1480.04 crore for the quarter ended December 31, 2011.