"Given the current economic scenario, RBI announcement to cut the repo rate by 40 bps is in line with India Inc expectations. With lockdown reaching its near end and businesses are resuming, we hope banks will now be encouraged to start lending to essential sectors like MSMEs and NBFCs to kickstart the economy. The reduction in reverse repo rate will discourage banks to park money with RBI.
We appreciate all the efforts taken by the RBI and Finance Ministry to stabilize the economy."
Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.541.4 as compared to the previous close of Rs. 574.6. The total number of shares traded during the day was 314291 in over 11873 trades.
The stock hit an intraday high of Rs. 583.55 and intraday low of 528.1. The net turnover during the day was Rs. 172919171.