Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The charts are horrible in Shriram Transport Finance Corporation. They have already given a confirmation of a distribution pattern and it is heading lower. On a day-to-day basis, maybe yesterday was an up day, but I would be using any strength to go short in it."
The share touched its 52-week high Rs 841.80 and 52-week low Rs 548.75 on 28 May, 2013 and 20 July, 2012, respectively. Currently, it is trading 18.63 percent below its 52-week high and 24.83 percent above its 52-week low. Market capitalisation stands at Rs 21,936.13 crore. Also Read: RBI cracks down on debt sales by non-bank finance firms
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