Buy Shriram Transport Finance Corporation, says Hemant Thukral, Aditya Birla Money.
Thukral told CNBC-TV18, "Shriram Transport Finance Corporation has actually not moved at all. If you see all the financial counters and on Friday it saw a surprise rally along with 26 percent fresh open interest being added up, stock has obviously climbed up and we feel another 7-8 percent move from here on is very much possible. So the way the cost has moved up, I clearly suggest that this 26 percent has been added upon the long side. So I will be a buyer in Shriram Transport Finance with a target of 7-8 percent in the next 5-6 trading sessions."
The share touched its 52-week high Rs 680.00 and 52-week low Rs 416.00 on 24 October, 2011 and 02 January, 2012, respectively.
Currently, it is trading 3.75% below its 52-week high and 57.33% above its 52-week low.
Market capitalisation stands at Rs 14,814.87 crore.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
