Shriram Transport Finance shrugs off weak Q3 numbers

Shriram Transport Finance Company rose 1.73% to Rs 619.30 at 14:45 IST on BSE after consolidated net profit declined 13.44% to Rs 324.85 crore on 22.06% growth in total income to Rs 2197 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced during trading hours today, 29 January 2014.

Meanwhile, the S&P BSE Sensex was up 15.15 points or 0.07% at 20,698.66.

On BSE, so far 25,000 shares were traded in the counter as against average daily volume of 17,835 shares in the past one quarter.

The stock was volatile. The stock surged as much as 4.31% at the day's high of Rs 635 so far during the day. The stock lost as much as 0.28% at the day's low of Rs 607 so far during the day. The stock had hit a 52-week high of Rs 841.80 on 28 May 2013. The stock had hit a 52-week low of Rs 465.20 on 28 August 2013.

The stock had underperformed the market over the past one month till 28 January 2014, declining 9.57% compared with the Sensex's 2.41% fall. The scrip had, however, outperformed the market in past one quarter, surging 9.29% as against Sensex's 0.55% rise.

The large-cap company has equity capital of Rs 226.88 crore. Face value per share is Rs 10.

Shriram Transport Finance Company, the flagship company of the Shriram group, is the largest asset financing non-banking financial company (NBFC) in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.

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