Shriram Transport Finance trades higher on the BSE

Shriram Transport Finance Company is currently trading at Rs. 818.05, up by 36.00 points or 4.60% from its previous closing of Rs. 782.05 on the BSE. The scrip opened at Rs. 783.00 and has touched a high and low of Rs. 833.40 and Rs. 783.00 respectively. So far 38940 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 841.80 on 28-May-2013 and a 52 week low of Rs. 465.20 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 833.40 and Rs. 722.40 respectively. The current market cap of the company is Rs. 18552.20 crore. The promoters holding in the company stood at 26.05% while Institutions and Non-Institutions held 54.95% and 19.00% respectively. Shriram Transport Finance Company’s - 100% subsidiary - Shriram Automall India (SAMIL), is reportedly planning to open 20 automall facilities across the country this financial year. Through an automall facility, the company provides a platform for buyers and sellers to transact in used vehicles - commercial vehicles, cars, tractors and also two-wheelers. Recently, the company has opened its 33rd Automall Facility in Thrissur in Kerala. Shriram Automall India pioneers in serving the most organised bidding platforms to facilitate the trade of used vehicles and equipment. It serves an exhaustive range of pre-owned commercial vehicles, construction equipment, tractors, cars & SUVs, 3 wheelers, and 2 wheelers to create a unique bidding experience for its customers across India. Every deal at SAMIL is structured on the ground of transparency where several Indian dreams ride with utmost dignity. In the financial year ended March 2014, SAMIL had facilitated transactions worth Rs 1,500 crore, a 50% increase over Rs 1,000 crore in the previous fiscal.