The company made the announcement during market hours today, 25 October 2007.

The BSE Sensex was up 260.80 points, or 1.41%, to 18773.28.

On BSE, 1.64 lakh shares of the scrip were traded. The stock had an average daily volume of 1.16 lakh shares on BSE in past one quarter.

The scrip had touched a high of Rs 253.85, its all time high. It hit a low of Rs 228 so far during the day. The stock had hit a 52-week low of Rs 111.05 on 21 March 2007.

The scrip had outperformed the market in the one month to 24 October 2007, adding 23.76% as against the Sensex's 9.55% gain. It had also outperformed the market in the past three months, spurting 41.75% against the Sensex's 17.35% rise.

The mid-cap vehicle finance company has an equity capital of Rs 184.19 crore. Face value per share is Rs 10.

At the current price of Rs 239.20, the scrip trades at a PE multiple of 14.36, based on Q1 June 2007 annualised EPS of Rs 16.65.

Shriram Transport Finance Companys net profit rose 86.9% to Rs 76.70 crore on 71.3% rise in sales to Rs 471.14 crore in Q1 June 2007 over Q1 June 2006.

Shriram Transport Finance is the largest new and pre-owned commercial vehicle financing company in the country. It has a pan-India presence with four regional, 50 divisional and 327 branch offices.

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