Shriram Finance Ltd.

Shriram Transport Finance is currently trading at Rs. 684.00, up by 5.40 points or 0.80% from its previous closing of Rs. 678.60 on the BSE.

The scrip opened at Rs. 680.00 and has touched a high and low of Rs. 685.70 and Rs. 680.00 respectively. So far 2382 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. 535.65 on 20-Jul-2012.

Last one week high and low of the scrip stood at Rs. 700.00 and Rs. 666.60 respectively. The current market cap of the company is Rs. 15517.49 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 reaffirmed ‘AA+’ rating to Shriram Transport Finance Company’s Non convertible Debenture (NCD) worth Rs 10,850 crore. The rating agency has also reaffirmed ‘AA+’ ratings to company’s subordinated Debenture worth Rs 2750 crore.

The company has received the said rating on the back of its leadership 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.