Shriram Transport Finance soars 15% on improvement in asset quality in Q3

The company's PAT during the quarter under review declined 17 per cent YoY to Rs 728 crore due on the back of higher Covid-related provisioning

Shares of Shriram Transport Finance (STFC) soared 15 per cent to Rs 1,274 on the National Stock Exchange (NSE) in Friday's intra-day trade, amid heavy volumes, as the firm posted an improvement in asset quality for the quarter ended December 2020 (Q3FY21).

At 10:29 am, the stock was trading 14 per cent higher at Rs 1,268 on the NSE as compared to a 0.15 per cent decline in the Nifty50 index. A combined 6.4 million equity shares have changed hands on the counter on the NSE and BSE so far. The stock had hit a 52-week high of Rs 1,340