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Sundaram Finance trades high on the bourses

Sundaram Finance is currently trading at Rs. 1223.85, up by 7.50 points or 0.62% from its previous closing of Rs. 1216.35 on the BSE.

The scrip opened at Rs. 1219.00 and has touched a high and low of Rs. 1235.00 and Rs. 1219.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1567.00 on 29-Jul-2016 and a 52 week low of Rs. 1089.00 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1244.00 and Rs. 1160.00 respectively. The current market cap of the company is Rs. 13610.22 crore.

The promoters holding in the company stood at 36.18%, while institutions and non-institutions held 16.30% and 47.52% respectively.

Sundaram Finance’s JV - Sundaram BNP Paribas Home Finance has reduced its rate of interest for new home loans from 9.20 percent per annum to 8.70 percent per annum effective from January 10, 2017. Sundaram BNP Paribas Home Finance is a 50.1% - 49.9% Joint Venture (JV) between Sundaram Finance and BNP Paribas. The company has over 100 branches spread across the country with over 50,000 customers.

Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes. The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation.

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