Share price of Shriram Finance as Sensex drops 747.03 points
Shriram Finance Ltd. 1.11 per cent to Rs 2913.40 at 01:29PM (IST) in Friday's trade. The counter hit a high of Rs 2962.15 and low of Rs 2906.45 so far during the session. The stock had closed at Rs 2946.20 in the previous session.
The counter had a total traded volume of 01:29PM shares so far with a turnover of Rs 2.99 crore on BSE. The stock traded at a price-to-earnings multiple of 13.63 and a price-to-book ratio of 1.81.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Shriram Finance Ltd. belongs to the NBFC — Diversified industry.
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