Shriram City Union Finance advances after large bulk deal

Shriram City Union Finance rose 3.38% to Rs 1,713.95 at 15:08 IST on BSE after a large bulk deal of 25.10 lakh shares was executed on the scrip at Rs 1,680 per share at 13:49 IST on BSE today, 1 July 2016.

Meanwhile, the BSE Sensex was up 159.21 points, or 0.57%, to 27,154.12

Bulk deal boosted volume on the scrip. On BSE, so far 25.25 lakh shares were traded in the counter, compared with an average volume of 1,313 shares in the past one quarter. The stock hit a high of Rs 1,735 and a low of Rs 1,630 so far during the day. The stock hit a 52-week high of Rs 1,880 on 6 August 2015. The stock hit a 52-week low of Rs 1,336.75 on 18 January 2016. The stock had underperformed the market over the past 30 days till 30 June 2016, gaining 0.43% compared with Sensex's 1.07% gains. The stock also underperformed the market in past one quarter, falling 5.01% as against Sensex's 6.85% rise.

The large-cap company has an equity capital of Rs 65.93 crore. Face value per share is Rs 10.

Shriram City Union Finance's consolidated net profit dropped 60.64% to Rs 61.16 crore on 11.8% rise in total income to Rs 1039.24 crore in Q4 March 2016 over Q4 March 2015.

Shriram City Union Finance is India's premier financial services company specializing in retail finance. It has a comprehensive range of offerings comprising finance for two wheelers and three wheelers, four wheeler finance (both new and pre-owned passenger and commercial vehicles), personal loans, small business loans, and loan against gold.

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