Share price of Shriram Finance falls as Sensex gains 256.41 points
Shriram Finance Ltd. dropped 0.74 per cent to Rs 1849.2 at 01:49PM (IST) in Monday's trade.
The counter hit a high of Rs 1869.3 and low of Rs 1846.85 so far during the session. The stock had closed at Rs 1863.1 in the previous session.
The counter had a total traded volume of 01:49PM shares so far with a turnover of Rs 137.0 crore on BSE.
The stock traded at a price-to-earnings multiple of 11.83 and a price-to-book ratio of 1.08.
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.
Promotor/FII Holding Promoters held 25.48 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 55.36 per cent and 14.66 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 8292.53 crore for the quarter ended 30-Jun-2023, up 3.92 per cent from the previous quarter's Rs 7979.75 crore and up 61.04 per cent from the year-ago quarter's Rs 5149.26 crore.
Its profit for the latest quarter stood at Rs 1705.24 crore, up 76.43 per cent from the same quarter a year ago.
