Sundaram Finance shares rose 2%
Sundaram Finance shares:
In April 30th trade at 11.43 am, Sundaram Finance shares traded 2.06%. About 902 shares on the counter changed hands. This counter opening at Rs 1254.0 triggered the Rs 1260.0 and Rs 1242.9, both high and low intraday in the trading session.
The stock reported Rs 1766.25 for 52-week high and Rs 1019.95 for 52-week low. Sundaram Finance Ltd introduced in 1954 is a major multinational organization operating in the NBFC sector with a market cap of Rs 13716.33 Crore. The subsidiary of Sundaram Financing, a local non-banking financial company, has announced that from 1 May 2020, it is revising interest rates.
For the quarter ended Dec. 31, 2019, the company posted consolidated net sales of Rs 1329.5436 crore, up 26.71% from Rs 1049.2422 crore in the last quarter and up -40.1% from Rs 22,219.7356 crore.
At Rs 238.729 crore, net profit after tax in the last quarter, was 11.83% from the same quarter a year earlier.
DII owns 8.473332% of the company’s shares, while foreign institutional investors hold 8.56.3037% and the promoters 35.029602%.
BSE data shows that stood at 11.64 prices and at 719.63 prices per book at a cost-to-earnings ratio. A higher P / E ratio suggests investors are willing to pay higher prices due to greater expectations of future growth. Price to book value indicates a company’s worth and is the price that investors are willing to pay for even ‘nil’ business growth.
NBFC-diversified business is a part of Sundaram Finance Ltd.
April 30th Stock Market
Besides, on the third day of the week, the stock market trading with the bullish trend. The Sensex traded with a gained 840.67 points reached 33,560.83 level with 2.57% up. Whereas, Nifty traded with a gain of 261.50 points reached 9,814.85 level with 2.74% up.
In the border market, the S&P BSE Midcap traded with a gain of 173.14 points reached 12,013.34 with 1.46% up. Whereas, S&P BSE SmallCap traded with a gain of 149.80 points reached 11,124.96 with 1.36% up. At the same time, Nifty bank traded with a gain of 551.75 points reached 21,641.95 level with 2.62% up.