Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Shriram Transport Finance Corporation after a three-four day rally has again resumed its down move. The down move is not over; much larger distribution patterns are in place suggesting that lower levels are coming, not now but once the trend is ascertain as down we want to sell whenever we can. It is a nice short sell. I do not think the RBI policy will affect it."
The share touched its 52-week high Rs 841.80 and 52-week low Rs 580.00 on 28 May, 2013 and 30 July, 2012, respectively. Currently, it is trading 24.25 percent below its 52-week high and 9.95 percent above its 52-week low. Market capitalisation stands at Rs 20,421.41 crore.
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