Shriram Finance Ltd.

Shriram Transport Finance Company is currently trading at Rs 781.70, up by 4.70 points or 0.60% from its previous closing of Rs 777.00 on the BSE.

The scrip opened at Rs 778.00 and has touched a high and low of Rs 783.00 and Rs 778.00 respectively. So far 2193 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 841.80 on 28-May-2013 and a 52 week low of Rs 496.05 on 19-Jun-2012.

Last one week high and low of the scrip stood at Rs 817.00 and Rs 771.10 respectively. The current market cap of the company is Rs 24882.29 crore.

The promoters holding in the company stood at 25.79% while Institutions and Non-Institutions held 54.51% and 19.71% respectively.

Credit rating agency, CARE has assigned its ‘AA+’ rating to Shriram Transport Finance Company’s Non-convertible debentures (NCD) worth  Rs 1000 crore.

The company has received the said rating on the back of its dominant position and almost three decades of experience in the pre-owned commercial vehicle (CV) financing segment, comfortable capital adequacy, overall healthy profitability parameters, strong resource raising capabilities, and proactive and experienced management team.

Shriram Transport Finance is the 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.