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Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy Shriram Transport Finance Company, target Rs 1085: Dr CK Narayan

Buy Shriram Transport Finance Company Ltd. at a price target of Rs 1085.0 and a stoploss at Rs 1055 from entry point.

ETMarkets.com|
Updated: Feb 06, 2019, 09.09 AM IST
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Dr CK Narayan of Chart Advise has a buy call on Shriram Transport Finance Company Ltd. with a target price of Rs 1085. The current market price of Shriram Transport Finance Company Ltd. is Rs 1068.25. Time period given by analyst is Intra Day when Shriram Transport Finance Company Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1055.

Shriram Transport Finance Company Ltd., incorporated in 1979, is a largecap company with a market cap of Rs 24236.75 crore. Shriram Transport Finance Company Ltd. key Products/Revenue Segments include Interest which contributed Rs 12111.98 Crore to Sales Value (99.26 % of Total Sales), Commission which contributed Rs 73.66 Crore to Sales Value (0.60 % of Total Sales), Income From Financial Services which contributed Rs 12.05 Crore to Sales Value (0.09 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 3.97 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 3991.09 Crore, up 1.35 % from last quarter Sales of Rs 3937.99 Crore and up 29.26 % from last year same quarter Sales of Rs 3087.67 Crore Company has reported net profit after tax of Rs 635.45 Crore in latest quarter. The company’s top management includes Mr.Amitabh Chaudhry, Mr.D V Ravi, Mr.Gerrit Lodewyk Van Heerde, Mr.Pradeep Kumar Panja, Mr.Puneet Bhatia, Mr.S Lakshminarayanan, Mr.S M Bafna, Mr.S Sridhar, Mr.Umesh Revankar, Mrs.Kishori Udeshi. Company has Pijush Gupta & Co. as its auditoRs As on 31-12-2018, the company has a total of 226,882,736 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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