Umesh Revankar, Managing Director at Shriram Transport Finance Company said bulk goods transport is still subduedl but heavy commercial vehicle (HCV) sales have improved from previous months.
Umesh Revankar, Managing Director at Shriram Transport Finance Company expects the Reserve Bank to restart NBFC licensing soon. Speaking to CNBC-TV18, he said the company has made strong representation to the RBI with respect to NPL recognition norm.
Speaking about the transport sector, Revankar said bulk goods transport is still subduedl but heavy commercial vehicle (HCV) sales have improved on a month-on-month basis.
Transcript to follow soon
Shriram Trans stock price
On October 09, 2014, at 11:13 hrs Shriram Transport Finance Corporation was quoting at Rs 912.25, up Rs 16.45, or 1.84 percent. The 52-week high of the share was Rs 1021.30 and the 52-week low was Rs 544.20.
The company's trailing 12-month (TTM) EPS was at Rs 54.19 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 16.83. The latest book value of the company is Rs 364.65 per share. At current value, the price-to-book value of the company is 2.50.
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