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.
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.