Comments
Non-bank lender, Shriram Transport Finance 's shares rose as much as 9.15 per cent to Rs 1,010 rupees, its biggest intra-day per cent gain since October 12, 2018.
The company posted a 11 per cent jump in June-quarter profit to Rs 634 crore ($91.95 million); total revenue was up 8.7 per cent to Rs 4,054 crore. 2.2 million shares changed hands in early trade versus the 30-day average of 2.9 million shares.
Up to last close, the stock had fallen 25.4 per cent this year, while peer Mahindra and Mahindra Financial Services Ltd, which reported a 74.6 per cent fall in Q1 profit, had lost ~35.3 per cent ($1 = 68.9510 Indian rupees).
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.