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This is an archive article published on October 28, 2010

Shriram Transport Fin up on Q2 result

Shriram Transport Finance stock hit a 52-week high of 841.50 rupees for a second session after the company posted strong Q2 results on Wednesday,two dealers said.

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Shriram Transport Finance stock hit a 52-week high of 841.50 rupees for a second session after the company posted strong Q2 results on Wednesday,two dealers said.

Bank of America-Merill Lynch BofA-ML raised the price target for the stock to 970 rupees from 700 rupees. The company has strong earnings visibility,return on assets and comfort on asset quality,BofA-Ml said in a note.

At 10:11 a.m. shares were up 3.7 percent to 839.45 rupees.

 

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