The commercial vehicle finance company, Shriram Transport Finance Corporation (STFC) has gained for the fourth consecutive day on over-subscription of its non-convertible debentures (NCD) and the Reserve Bank of India (RBI) circular which was released on Friday. The circular has given freedom to the banks to invest in securitized assets of NBFC.

The management of Shriram Transport is quite sure about achieving 15-20 % growth target in the financial year 2012 but will need to wait till the end of 2nd quarter for any revision in interest rate.

Soon after the gains over the RBI circular, the STFC has started gaining on the stock market. The stocks of the company has rose 14 % since then. On Monday, the stock of STFC gained % to Rs 671. In today’s trade, the stock of the company gained a high of Rs 685.75 and a low of Rs 660.

R Sridhar, MD, Shriram Transport Finance Corporation in an interview with ET Now, “The RBI circular which released on Friday, last week has put uncertainties to rest and definitely a relief to NBFC's like us as well as banks which are looking to buy portfolios to meet priority sector norms”.