Views on Fourth Bi-Monthly Monetary Policy Statement, 2015-16

Views of Mr. Umesh Revankar, MD, Shriram Transport Finance Company Limited on Fourth Bi-Monthly Monetary Policy Statement, 2015-16

"With 50 bps rate cut, the RBI has provided enough reasons to corporates to cheer. The timing of the rate cut is in line with our expectations. The onus is now on banking fraternity to transfer the rate cut by reducing the interest rates, which will not only bolster the credit environment, but more importantly kick start the investment cycle in our economy.

The overall rate cut in the current year now stands at 125 bps and this should provide much needed impetus to the rural economy, micro, small and medium enterprises (MSMEs) with their cost of funds now coming down leading to improved margins and profitability."

Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.935.95 as compared to the previous close of Rs. 889.75. The total number of shares traded during the day was 47326 in over 3161 trades.

The stock hit an intraday high of Rs. 943.5 and intraday low of 872.2. The net turnover during the day was Rs. 43406984.

Source : Equity Bulls

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