Shriram Finance declines 0.62% as Sensex slides

economictimes.indiatimes.com:

Shriram Finance Ltd. traded at Rs 1851.7 on BSE at 01:14PM (IST) on Wednesday, down 0.62 per cent from previous close. The stock quoted a 52-week low price of Rs 1147.05 and a high of Rs 1899.9.

Earlier, the stock saw a gap down opening in the morning. A total of 9,368 lakh shares changed hands on the counter till 01:14PM (IST). The stock of Shriram Finance Ltd.

commanded a market value of Rs 69163.01 crore, according to BSE. The stock traded at a price-to-earning (P/E) multiple of 11.8, while the price-to-book value ratio stood at 1.08. Return on equity (ROE) was at 13.87 per cent, according to exchange data.

In the BSE500 pack, 250 stocks traded in the green, while 251 stocks were in the red. The stock's beta value, which measures volatility in relation to the broader market, stood at 1.69.Promotor/FII Holding Promoters held 23.47 per cent in Shriram Finance Ltd. as of 30-Jun-2023 while foreign and domestic institutional investors owned 55.36 per cent and 8.84 per cent, respectively.Moving averages The 200-DMA of the stock stood at 1392.34 on August 09, while the 50-DMA was at 1677.2.