Shriram Transport plunges 6.7% on large block deal

Shriram Transport Finance Company, India's largest asset financing company, plunged 6.7% in early trade on Thursday following large block deal. A total of 22.5 million shares exchanged hands at an average price of Rs 716.5.

Shares of the company are trading at Rs 707.10, down Rs 50.65, or 6.68% at the Bombay Stock Exchange (BSE) on Thursday at 10:45 a.m. The company's total volume of shares traded on the bourses todaywent upto 26.65 millioncompared with 22-day average volume of 271,797. The scrip has touched an intra-day high of Rs 758.40 and low of Rs 694.15. In the earlier session, the shares gained 0.37%, or Rs 2.8, at Rs 757.75. Currently, the stock is trading down 11.61% from its 52-week high of Rs 800 and above 48.86% over the 52-week low of Rs 475.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 733.85 23.90 3.26 1 Month 756.60 1.15 0.15 3 Months 630.25 127.50 20.23 6 Months 613.90 143.85 23.43 1 Year 587.05 170.70 29.08 Note: Based on previous day closing price.