Page 2 - Shriram Transport Finance Company

Shriram Transport Finance plans to raise funds via debt securities

Shriram Transport Finance Company on Tuesday said its board will meet next month to consider raising funds through the issuance of debt securities

S&P affirms Shriram Transport Finance Co's rating, removes from CreditWatch

The company is likely to sustain a recent improvement in its resource mobilisation, collections, and on-balance-sheet liquidity over the next 12 months, S&P said in a statement

Shriram Transport Finance hits 8-month high; stock soars 56% in November

Shriram Transport reported a better-than-expected net profit in Q2FY21 at Rs 685 crore, on the back of net interest income of Rs 2,022 crore and lower-than-estimated provisioning

We expect an AUM growth of 5-6% in FY21, says STFC's Umesh Revankar

"The festive season has started well for consumer durables and other essential goods/products across the country," says Revankar

Select stocks rally as MSCI to tweak foreign ownership limit in Indian stks

Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite Industries were up in the range of 3% to 8%

Shriram Transport Finance raises Rs 100 cr via NCDs on pvt placement basis

The issue size was Rs 100 crore, and the tenure of the bonds is 560 days (18 months and 13 days)

Stock picks by Ajit Mishra of Religare Broking: Buy SBI Life, Wipro

SBI Life's stock is holding strongly above the support zone of 200 EMA on the daily chart

Out of the woods? Analysts turn bullish on NBFCs on improved liquidity

Recent steps by the government and the RBI to keep systemic liquidity and rates benign along with direct liquidity to NBFCs facing constraints, in the wake of Covid-19, have helped, analysts say

Group promoters recommend Puneet Bhatia as nominee in Shriram Transport

Shareholders of Shriram Transport Finance Company had recently voted against Bhatia's reappointment as director

Shareholders oust TPG's Bhatia from Shriram Transport Finance board

Resolution for his reappointment got only 43.1% overall, failing to reach 50% threshold required to pass an ordinary resolution

Despite 58% rally from March low, analysts still upbeat on this stock

For the quarter ended June 2020, the company reported around 50 per cent decline in its net profit at Rs 320.06 crore.

Market Ahead, July 7: Top factors that could guide markets today

Shriram Transport Finance Company might trade actively today after the company okayed rights issue of equity shares to the promoters and promoter group to raise up to Rs 1,500 crore

Stock picks by Angel Broking: Buy Shriram Transport Finance, Mahanagar Gas

Recently, gas distribution companies have been in limelight

Shriram Transport Finance gains over 6% post March quarter results

The company made a provision of Rs 909.64 crore on account of the Covid-19 impact

Market Ahead, June 10: Top factors that could guide markets today

The SGX Nifty is indicating an open at around 10,100 mark for the broader index

Top stock picks by CapitalVia: Buy Shriram Transport Finance, HDFC Life

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Shriram Transport Fin tumbles 14% after S&P revises outlook to negative

The rating actions reflect the increasing risks that the Indian NBFCs face due to the challenging operating conditions stemming from the COVID-19 outbreak, the agency said.

No material impact of YES Bank crisis on Shriram Transport Finance: S&P

S&P Global Ratings on Monday said Shriram Transport Finance Company (STFC) will not be materially affected by the troubles at Yes Bank as the firm's exposure is currently less than 0.5 per cent of its net worth. Earlier in the day, STFC said it has a small exposure of Rs 50 crore to Yes Bank's hybrid securities in the form of upper Tier II bonds. The finance company had made this investment in 2010. Yes Bank has been placed under a moratorium by the RBI and withdrawals have been capped. In a reconstruction plan of the bank, government-owned SBI is likely to pick up 49 per cent stake in the troubled bank. "S&P Global Ratings believes STFC's low exposure to Yes Bank's hybrid securities will shield its financial profile. STFC does not hold any Additional Tier 1 (AT1) capital instruments of the bank," the rating agency said in a release. "Only AT1 instruments are currently envisaged to be permanently written down," it said. However, even if STFC is required to make provision for ..

Shriram Transport Finance raises around Rs 3,556 crore through bond issue

The bond got overwhelming response from investors, as per the filing

Shriram Automall acquires Augeo to expand beyond auto auctioning

Augeo will be the first organised platform, which will provide complete service to the bankers and other institutions through its online portal 123done.in