Views of Mr. Umesh Revankar, MD and CEO - Shriram Transport Finance Ltd on Monetary Policy

"The 25 bps cut and other measures by the RBI is a positive step. As the inflation is under control and below 3%, we expected the central bank to reduce the repo rate.

A relief on the cost of funds is awaited eagerly by the SMEs as it helps them with reduced borrowing cost and offers much needed impetus, thereby improving their financial health.

RBI's current rate cut is indicating that in the next fiscal, if the inflation remains below 3% and oil prices remain stable, we expect rates to further reduce by ~25 bps."

Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.1064 as compared to the previous close of Rs. 1101.35. The total number of shares traded during the day was 36142 in over 794 trades.

The stock hit an intraday high of Rs. 1087.9 and intraday low of 1064. The net turnover during the day was Rs. 38794208.

Source : Equity Bulls

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