Shriram Finance share price up 0.96 per cent

economictimes.indiatimes.com:

Shriram Finance Ltd. traded 0.96 per cent up at Rs 1774.1 at around 01:48PM (IST) on Tuesday. The stock had closed at Rs 1757.25 in the previous session.

Equity benchmark Sensex traded 427.67 points higher at 65632.72 around the same time. The scrip has climbed 40.12 per cent in the last one year till date, while the 30-share index has gained 23.78 per cent during the same period. The stock's 52-week high price stood at Rs 1792.85 and the 52-week low price at Rs 1147.05.

Trading volume on the counter stood at 146,161 shares, while it quoted a price-to-earnings ratio of 13.02, an EPS value of 136.75 and a price-to-book value of 1.08. In the Nifty50 pack, 35 stocks traded in the green, while 15 stocks were in the red.Promoter/FII Holding Promoters held 25.51 per cent stake in the company as of 31-Mar-2023, while foreign institutional investors and mutual funds' ownership stood at 49.78 per cent and 6.04 per cent, respectively.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 7979.75 crore, up 2.18 per cent from the previous quarter's Rs 7809.39 crore and up 56.85 per cent from the year-ago quarter's Rs 5087.59 crore. The company reported net profit of Rs 1285.19 crore for the latest quarter.Technical Indicators The MACD signalled a bullish 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.