Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would be a buyer in Shriram Transport Finance Corporation. We have been bullish on the stock for a long time and that has been justified."
"It is in a narrow range for last four days. A breakout on the upside is possible. If that happens, we will buy. If that does not happen then nothing is to be done," Sukhani said.
At 11:34 hrs Shriram Transport Finance Corporation was quoting at Rs 801.65, down Rs 5.65, or 0.70 percent. It has touched an intraday high of Rs 817 and an intraday low of Rs 783.65.
The share touched its 52-week high Rs 841.80 and 52-week low Rs 533 on 28 May, 2013 and 07 June, 2012, respectively. Currently, it is trading 4.77 percent below its 52-week high and 50.4 percent above its 52-week low. Market capitalisation stands at Rs 25,671.67 crore.
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