Share price of Shriram Finance falls as Sensex drops 815.59 points
Shriram Finance Ltd. dropped 2.25 per cent to Rs 1776.5 at 12:53PM (IST) in Thursday's trade. The counter hit a high of Rs 1837.75 and low of Rs 1760.9 so far during the session.
The stock had closed at Rs 1817.5 in the previous session.
The counter had a total traded volume of 12:53PM shares so far with a turnover of Rs 2.58 crore on BSE. The stock traded at a price-to-earnings multiple of 11.38 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 25.45 per cent stake in the company as of 30-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 54.67 per cent and 15.13 per cent, respectively.
Key Financials The firm reported consolidated 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.
