Ashish Chaturmohta of Fortune Group told CNBC-TV18, "Shriram Transport Finance Corporation has been forming a double bottom around Rs 1200 odd level. So, at current level, we are expecting the stock to cross it's all time high which is around Rs 1280-1290 and can target somewhere around Rs 1320- 1330. On downside keeping a small stop below Rs 1210 one can initiate a long position in the stock."
At 13:20 hrs Shriram Transport Finance Corporation was quoting at Rs 1,193.90, down Rs 11.65, or 0.97 percent. It has touched an intraday high of Rs 1,237.90 and an intraday low of Rs 1,190.25.
The company's trailing 12-month (TTM) EPS was at Rs 53.60 per share. (Dec, 2014). The stock's price-to-earnings (P/E) ratio was 22.27. The latest book value of the company is Rs 364.65 per share. At current value, the price-to-book value of the company was 3.27. The dividend yield of the company was 0.59 percent.
Disclosure: Analyst does not have any personal holdings in the stock.
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