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Sell Shriram Transport Finance Company, target Rs 1400: Manas Jaiswal

Sell Shriram Transport Finance Company Ltd. at a price target of Rs 1400.0 and a stoploss at Rs 1457 from entry point.

ETMarkets.com|
Updated: Jun 27, 2018, 09.09 AM IST
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Manas Jaiswal of manasjaiswal.com has a sell call on Shriram Transport Finance Company Ltd. with a target price of Rs 1400. The current market price of Shriram Transport Finance Company Ltd. is Rs 1432.35 Time period given by the analyst is Intra Day when Shriram Transport Finance Company Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1457. Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 32497.55 Crore) operating in Finance sector.

Shriram Transport Finance Company Ltd. key Products/Revenue Segments include Interest which contributed Rs 10748.76 Crore to Sales Value (99.26 % of Total Sales), Commission which contributed Rs 65.79 Crore to Sales Value (0.60 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 8.02 Crore to Sales Value (0.07 % of Total Sales) and Income From Financial Services which contributed Rs 6.18 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 3248.70 Crore, up 5.22 % from last quarter Sales of Rs 3087.67 Crore and up 19.79 % from last year same quarter Sales of Rs 2711.92 Crore Company has reported net profit after tax of Rs 144.60 Crore in latest quarter.

The company’s top management includes Mr.Amitabh Chaudhry, Mr.D V Ravi, Mr.Gerrit Lodewyk Van Heerde, Mr.Puneet Bhatia, Mr.S Lakshminarayanan, Mr.S M Bafna, Mr.S Sridhar, Mr.Umesh Revankar, Mrs.Kishori Udeshi. Company has S R Batliboi & Co. LLP as its auditoRs As on 31-03-2018, 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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