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Shriram Transport slumps 5% on weak March quarter performance

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₹223.38 crore.At 0230 pm, the stock was at ₹629.40 down nearly 1% from its previous close, while the benchmark Sensex was down 1.9% at 33604.72.Total income during the March quarter grew 7.5% to ₹4,173.04 crore from ₹3,883.38 crore in the year-ago period .Analysts at Emkay Financial said, "Out of 1,758 branches of the company, 18 branches are in containment zones, while the rest are fully functional.

The business has picked up in the rural markets also due to the harvest season. In spite of the moratorium, the company has been able to collect from 84% of the borrowers in March, 23% in April and 52% in May.

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