Share price of Shriram Finance rises as Nifty weakens
Shriram Finance Ltd. gained 0.28 per cent to Rs 2058.0 in Monday's trade as of 01:39PM (IST). The stock hit a high price of Rs 2078.95 and low of Rs 2042.45 during the session.
The return on equity (ROE) for the stock stood at 13.87 per cent. Traded volume on the counter stood at 01:39PM shares and turnover at Rs 1.58 crore around that time. The stock of Shriram Finance Ltd.
quoted a 52-week high price of Rs 2129.55 and 52-week low prices of Rs 1190.0, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.69.
Promotor/FII Holding Promoters held 23.44 per cent stake in the company as of 30-Sep-2023, while overseas investors held 54.67 per cent and domestic institutional investors had 9.57 per cent.
Key Financials The company reported consolidated sales of Rs 8892.99 crore for the quarter ended 30-Sep-2023, up 7.24 per cent from previous quarter's Rs 8292.53 crore and up 66.18 per cent from the year-ago quarter's Rs 5351.28 crore. Net profit after tax for the latest quarter stood at Rs 1786.11 crore, up 67.0 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities.
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