Third Bi-Monthly Monetary Policy - Mr. Umesh Revankar, MD - Shriram Transport Finance

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

"The RBI continues to keep the rates unchanged as it feels there is still some way to go before inflation comes within their expected range, though one must agree that the inflationary pressures have subsided considerably from what it were earlier mainly due to lower crude prices. Also the RBI is waiting for the front loading cuts to get transmitted in the system before going for any more rate cuts. We expect RBI to cut 50 - 75 bps rate cut in the current financial year if the inflation comes under control and we witness normal monsoons. The rate cut is require for the manufacturing industry in specific as the cost of funds is the major worry dogging the corporate India."

Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.895.5 as compared to the previous close of Rs. 896.9. The total number of shares traded during the day was 11177 in over 806 trades.

The stock hit an intraday high of Rs. 904.85 and intraday low of 891.55. The net turnover during the day was Rs. 10043819.

Source : Equity Bulls

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