Share price of Shriram Finance jumps as Sensex gains 460.18 points

economictimes.indiatimes.com:

Shriram Finance Ltd. gained 0.92 per cent to Rs 1751.05 at 10:20AM (IST) in Monday's trade. The scrip has hit a high of Rs 1777.25 and low of Rs 1745.75 so far during the session.

The stock had closed at Rs 1735.15 in the previous session. The counter has had a total traded volume of 15961 shares so far with a value of Rs 2.8 crore on the NSE. It traded at a price-to-earnings multiple of 12.83 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 reflects the price investors are willing to pay even for no growth in the business. The scrip gained 38.43 per cent during the past one year, while the 30-share index advanced 22.93 per cent during the same period.Shriram Finance Ltd.