ICICI Direct has given a sell rating to Shriram Transport Finance with a target price of Rs 619. The share price moved up by 0.83 per cent from its previous close of Rs 637.50. The stock’s last traded price is Rs 632.25.

Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 15945.41 Crore) operating in NBFC sector.

Shriram Transport Finance Company Ltd. key Products/Revenue Segments include Interest which contributed Rs 16267.46 Crore to Sales Value (98.21 % of Total Sales), Fees & Commission Income which contributed Rs 194.97 Crore to Sales Value (1.17 % of Total Sales), Other Operating Revenue which contributed Rs 99.52 Crore to Sales Value (0.60 % of Total Sales), Rental Income which contributed Rs .22 Crore to Sales Value (0.00 % of Total Sales) and Dividend which contributed Rs .19 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 4140.91 Crore, down 0.66 % from last quarter Sales of Rs 4168.42 Crore and up 2.15 % from last year same quarter Sales of Rs 4053.85 Crore. The Company reported net profit after tax of Rs 320.06 Crore in latest quarter.

Investment Rationale
Bearish Engulfing candlestick near previous high

STF

Promoter/FII Holdings
Promoters held 51.02 per cent stake in the company as of March 31, 2020, while FIIs held 12.64 per cent, DIIs 33.56 per cent and public & others 2.78 per cent.





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