Narnolia

Narnolia

Toll Free No: 1800-103-7212

SHRIRAM TRANSPORT FINANCE COMPANY LTD.

NSE : SRTRANSFINBSE : 511218ISIN CODE : INE721A01013Industry : Finance - NBFCHouse : Shriram Transport
BSE612.75-3.55 (-0.58 %)
PREV CLOSE ( ) 616.30
OPEN PRICE ( ) 619.90
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 363657
TODAY'S LOW / HIGH ( )606.75 636.90
52 WK LOW / HIGH ( )440 1366.9
NSE613.00-3.85 (-0.62 %)
PREV CLOSE( ) 616.85
OPEN PRICE ( ) 616.70
BID PRICE (QTY) 613.00 (6656)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 8466566
TODAY'S LOW / HIGH( ) 606.25 636.95
52 WK LOW / HIGH ( )440 1367
AnalystDate05 Feb 2020
BSECode511218
BlogURLNA
NoteDescriptionThe growth remains muted on the back of sluggish economic condition, though there has been slight uptake in the month of November in the mining, infrastructure & construction segments. Management has cautiously declined the LTV & focus towards the used vehicle segment. Management has optimistically guided to decline the credit cost level to 2% or below it in FY21. The rural outlook is positive as the Kharif crop output has been at a 5 year high while good monsoon (LPA 110%) has increased reservoir level thus keeping us positive for the Rabi crop harvest. However, we remain cautious on the growth and asset quality front due to moderating economy growth, however the stock is trading at 1x P/B at FY21 which gives us comfort on the valuation front. We maintain our BUY rating at the previous target price of Rs 1334 at 1.4x BV FY21E.
YouTubeURLNA

Directory

current IPO
  • --
upcoming IPO
  • --
Narnolia Research & Advisory Narnolia Trading Platforms Narnolia Online | media Room