Shriram City Union Finance inches up after good Q3 earnings

Shriram City Union Finance rose 0.45% to Rs 2,148.25 at 13:07 IST on BSE after net profit rose 10.7% to Rs 142.94 crore on 11.1% growth in total income to Rs 902.45 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced after market hours yesterday, 29 January 2015.

Meanwhile, the S&P BSE Sensex was down 421 points or 1.42% at 29,260.77.

On BSE, so far 234 shares were traded in the counter as against average daily volume of 3,824 shares in the past one quarter.

The stock was volatile. The stock rose as much as 0.52% at the day's high of Rs 2,150 so far during the day. The stock fell as much as 0.66% at the day's low of Rs 1,124.40 so far during the day. The stock had hit a record high of Rs 2,195.95 on 27 January 2015. The stock had hit a 52-week low of Rs 935 on 4 March 2014.

The stock had outperformed the market over the past one month till 29 January 2015, surging 11.96% compared with Sensex's 8.34% rise. The scrip had also outperformed the market in past one quarter, advancing 20.77% as against Sensex's 9.53% rise.

The large-cap company has equity capital of Rs 65.91 crore. Face value per share is Rs 10.

Shriram City Union Finance is a 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.

Powered by Capital Market - Live News