Shriram Finance share price down 0.38 per cent

economictimes.indiatimes.com:

Shriram Finance Ltd. traded 0.38 per cent up at Rs 1800.0 at around 12:33PM (IST) on Monday. The stock had closed at Rs 1806.85 in the previous session.

Equity benchmark Sensex traded 125.54 points lower at 65197.11 around the same time. The scrip has climbed 31.62 per cent in the last one year till date, while the 30-share index has gained 10.78 per cent during the same period. The stock's 52-week high price stood at Rs 1899.9 and the 52-week low price at Rs 1147.05.

Trading volume on the counter stood at 7,225 shares, while it quoted a price-to-earnings ratio of 11.52, an EPS value of 156.3 and a price-to-book value of 1.08. In the Nifty50 pack, 14 stocks traded in the green, while 36 stocks were in the red.Promoter/FII Holding Promoters held 25.48 per cent stake in the company as of 30-Jun-2023, while foreign institutional investors and MF ownership stood at 55.36 per cent and 8.84 per cent, respectively.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 8292.53 crore, 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. The company reported net profit of Rs 1705.24 crore for the latest quarter.Technical Indicators 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 top of the MACD to reflect «buy» or «sell» opportunities.