Expect 3-4% return in Shriram Transport: Tulsian

SP Tulsian of sptulsian.com feels Shriram Transport Finance Corporation can give 3-4 percent return next week.

Tulsian told CNBC-TV18, “Shriram Transport Finance Corporation - Part stake sell by TPG Capital (which sold 2.3 crore shares of the company for Rs around Rs 1,650 crore) in the company has given an opportunity for one week view. And may be at Rs 715 the stock looks very good which can give a return of three to four percent.” Shriram Transport rebounded on Friday, rising 2.17 percent to close at Rs 714.45. Shares fell nearly 8 percent on Thursday due to sell of shares by TPG Capital.