First Bi-Monthly Monetary Policy Statement, 2016-17 - Mr. Umesh Revankar, MD, Shriram Transport Finance Company Limited

"The 25 bps cut and other measures by the RBI to boost the liquidity in the system is a welcome move. We expect it will support the economy's investment demand and uptick in credit environment. A relief on the cost of funds is awaited eagerly by the corporate India, which should help them to improve financial health and plan for the next leg of growth. So in summation the interest rate scenario should change for good in 2017.

What is also good to know is that the RBI is also focusing on shaping up the NBFC sector for long term and the simplification process of registration for the NBFCs will see influx of quality NBFC players, healthy competition, increased transparency, credibility in the sector and most importantly go a long way in growth of Indian economy through small business and rural enterprises."

Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.947.6 as compared to the previous close of Rs. 946.8. The total number of shares traded during the day was 20443 in over 1455 trades.

The stock hit an intraday high of Rs. 958.35 and intraday low of 935.5. The net turnover during the day was Rs. 19342844.

Source : Equity Bulls

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