Shriram transport finance, buy at target Rs.1010

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Buy Shriram Transport Finance with the target price of Rs. 1010. The stock has out perform for this quarter results and come up with the almost double in the profit from Rs 320 Cr. to Rs. 682 Cr. from the last quarter.

As south zone of India on the way to start its operation as it was pre-covid ,this will help Shriram Transport Finance to grow and work more.

Today,stock traded with 9% rise from its previous value on the NSE. Friday closing was Rs 692.7 and Monday stock open with gain  at Rs. 709.95. Currently stock is trading as Rs 755 around with gain of 9% almost.

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Recomandation to buy stock with the target price of Rs 1010.

Quarter report :-

Company has the market capital of Rs. 19,177 Cr. For this Sept quarter, there is 5% rise in consolidated sales of Rs. 4347 Cr. from the last quarter of Rs. 4140 Cr. and 3% rise from YoY quarter of Rs.4217.

Promoters Held 26.5%, FII held 60.5% while DII helds 4.5% till  30 Sept. 2020. FII holding make this stock attractive to buy.

Shriram Transport Finance

 

 

 

 

Also read the Quarter results of the trending stocks….

Quarter results announcement,Axis bank,Hero MotoCorp,RBL bank,L&T…………………

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