Shriram Transport loses Rs 13.3 bn in m-cap as stock plunges 7.7%

Shriram Transport Finance Company, India's largest asset financing company,slipped 7.7% on Thursday after large block deal.A total of 22.5 million shares exchanged hands at an average price of Rs 716.5.

The company lost Rs 13.27 billion in market capitalisation to Rs 158.6 billion due to 7.72% drop in share prices. Shares of the company are trading at Rs 699.25, down Rs 58.5, or 7.72% at the Bombay Stock Exchange (BSE) on Thursday. In the earlier session, the shares fell 0%, or Rs 0, at Rs 757.75.Total volume of shares traded on the bourses today was higher by 10,910.80% to 29,927,058 compared with 22-day average volume of 271,797.The scrip has touched an intra-day high of Rs 758.40 and low of Rs 685.25.

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.