Query: I wish to know the future prospects of Shri Ram Transport Finance,Kindly give me the short term and long term targets for this. AMGA SecuritiesThebullishtrends: Shri Ram Transport Finance share price closed yesterday at Rs.394. Shri Ram Transport share price rose 184.33% in a year time. Shriram Transport Finance Company Limited (STFC), India's largest player in the transport financing business, was established in the year 1979. The company has a network of 327 branches and service centres.
STFC is the flagship company of Rs. 10000 crores (USD 2.2 billion) Shriram Group. STFCs equity partners are Citicorp Financial Services (I) Ltd., an arm of Citigroup has taken 14.9% equity stake in the company in 2002,FMO, the Dutch Government-owned financial services company recently picked up equity stake. The company has extended a long-term debt of Euros 6 million each to the two companies,The Shriram branch network has been instrumental in routing over Rs. 800 crores to the transport sector through its strategic alliance with the UTI Bank, who has invested a little over 5% equity and Venture Capital firm ChrysCapital joins as a strategic partner by acquiring 21% equity.
STFCs financials are good STFL will have bright future in the long run as the comapny is having strong foot hold in transport financing business and international funds are also having good stake in STFC it will post decent numbers for FE08. You can expect Rs.500 short to medium term.
STFC is the flagship company of Rs. 10000 crores (USD 2.2 billion) Shriram Group. STFCs equity partners are Citicorp Financial Services (I) Ltd., an arm of Citigroup has taken 14.9% equity stake in the company in 2002,FMO, the Dutch Government-owned financial services company recently picked up equity stake. The company has extended a long-term debt of Euros 6 million each to the two companies,The Shriram branch network has been instrumental in routing over Rs. 800 crores to the transport sector through its strategic alliance with the UTI Bank, who has invested a little over 5% equity and Venture Capital firm ChrysCapital joins as a strategic partner by acquiring 21% equity.
STFCs financials are good STFL will have bright future in the long run as the comapny is having strong foot hold in transport financing business and international funds are also having good stake in STFC it will post decent numbers for FE08. You can expect Rs.500 short to medium term.
