Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Shriram Transport Finance, which is part of the Shriram Group, now awaits approval from Shriram City Union Finance shareholders and creditors and NCLT, CCI and Irdai

Shriram Transport Finance gets shareholders’ approval for merger with SCUF

Of the total final votes, 97 per cent of the equity shareholders, and 99 per cent of the secured and unsecured creditors were in favour of the deal, according to a vote count at the company’s National Company Law Tribunal (NCLT) convened meeting on July 4 2022, a release said.

Shriram Transport Finance gets shareholders, creditors nod for merger

Shriram City Union Finance and Shriram Transport Finance Corporation are offering interest rates in the range of 6.5-7.9 per cent on their fixed deposits, which is higher than banks

FD Rates: You Can Get Around 8% Return From This Fixed Deposit; Know Details

The merger of the two entities will create Shriram Finance, the country’s largest retail NBFC

Shriram Transport gets shareholder nod for merger with Shriram City Union Finance

“Shriram Transport Finance looks upbeat for a strong surge. It has crossed the resistance hurdle of the upper band of the triangle pattern (indicates consolidation) after spending nearly 4 months in a range,” Ajit Mishra, VP - Research, Religare Broking Ltd, said.

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Stock Radar: Accumulate Shriram Transport Finance for a target of Rs 1400-1500, says Ajit Mishra

Axis Securities weekly technical stock picks: The brokerage suggests a holding period of up to 4 weeks for Eicher Motors Limited, Sunteck Realty Limited, Shriram Transport Finance Company and PVR Limited shares

PVR among 4 weekly stock picks from Axis Securities

The midcap index remained range bound during the session. Most sectoral indices barring the IT sector performed on Friday session however the indices were volatile in nature. Midcap gainers included stocks like Shriram transport finance, Dalmia Bharat, Crompton greaves. Whereas Midcap losers were LTTS, Persistent Systems, ABB Ltd. 

Small cap gainers included Route Mobile, Birla Corp, Sparc which were gaining momentum during the day 

New worthy stocks amongst Midcap-Smallcap space included: 
Suven Life: Company approved raising of funds through rights issue up to Rs. 400 Cr. 
Canara Bank: Bank approved capital raising plan amounting up to Rs. 9000 by the way of debt instruments 
Nuvoco vistas: Promoter buys 200000 shares via open market
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Stock Market Updates: Midcap Index Remained Range Bound During Session | ET Now

Based on the open interest future percentage, here are the 99 stocks including Maruti Suzuki India, Bosch, Coforge, Shriram Transport Finance, and REC, in which a long build-up was seen.

Trade setup for Friday: Top 15 things to know before Opening Bell

Shriram Transport Finance - Merger With Shriram Group Can Be A Positive Catalyst In The Near Term: Nirmal Bang

SCUF offers two-wheeler, commercial vehicle, passenger vehicle, MSME, gold and home loans, whereas STFC has a presence in the commercial vehicle financing business, consumer finance, life and general insurance and stock broking. In the back offices of SCUF and STFC, he said that there will be the ra…

Shriram Group plans to add 2,500 employees for merged entity in 18-24 months

The cost of borrowing declined for the company in Q4FY22 and is now at around 8.14%.

Rising borrowing cost not a challenge for Shriram Transport, says Revankar | The Financial Express

Shriram Transport Finance Company Limited (STFC) is an asset financing non-banking finance company. The Company is engaged in providing finance for commercial vehicles and other loans.

Shriram Transport Finance Company Ltd

Shriram Transport Finance Company Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Shriram Transport Finance gets shareholders’ approval for merger with SCUF

Shriram Transport Finance gets shareholders, creditors nod for merger

FD Rates: You Can Get Around 8% Return From This Fixed Deposit; Know Details

Shriram Transport gets shareholder nod for merger with Shriram City Union Finance

News Video

Stock Radar: Accumulate Shriram Transport Finance for a target of Rs 1400-1500, says Ajit Mishra

PVR among 4 weekly stock picks from Axis Securities

News Video

Stock Market Updates: Midcap Index Remained Range Bound During Session | ET Now

Trade setup for Friday: Top 15 things to know before Opening Bell

Shriram Transport Finance - Merger With Shriram Group Can Be A Positive Catalyst In The Near Term: Nirmal Bang

Shriram Group plans to add 2,500 employees for merged entity in 18-24 months

Shriram Transport Finance Company Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Shriram Transport Finance gets shareholders’ approval for merger with SCUF

Shriram Transport Finance gets shareholders, creditors nod for merger

FD Rates: You Can Get Around 8% Return From This Fixed Deposit; Know Details

Shriram Transport gets shareholder nod for merger with Shriram City Union Finance

News Video

Stock Radar: Accumulate Shriram Transport Finance for a target of Rs 1400-1500, says Ajit Mishra

PVR among 4 weekly stock picks from Axis Securities

News Video

Stock Market Updates: Midcap Index Remained Range Bound During Session | ET Now

Trade setup for Friday: Top 15 things to know before Opening Bell

Shriram Transport Finance - Merger With Shriram Group Can Be A Positive Catalyst In The Near Term: Nirmal Bang

Shriram Group plans to add 2,500 employees for merged entity in 18-24 months

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock