Shriram Finance shares down 0.15% as Nifty falls
Shriram Finance Ltd. rose 0.15 per cent to Rs 2411.9 in Tuesday's trade. It hit an intraday high of Rs 2423.3 and low of Rs 2355.7, respectively, during the day.
The stock quoted a 52-week high price of Rs 2605.0 and low of Rs 1296.55.
As of 01:44PM (IST), the counter saw total traded volume of 29,776 shares with a traded value of Rs 7.11 crore, according to NSE.
The stock had closed at Rs 2415.65 in the previous session.
The scrip has advanced 6.44 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.74 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 13.65 while price-to-book ratio stood at 1.08. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the NBFC — Diversified industry.
Promoter/FII Holding Promoters held 23.42 per cent stake in the company as of 31-Dec-2023, while FII and MF ownership in the firm stood at 53.97 per cent and 10.97 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 9305.75 crore for the quarter ended 31-Dec-2023, up 4.64 per cent from the previous quarter's Rs 8892.99 crore and up 19.16 per cent from the year-ago quarter's Rs 7809.39 crore. Its net profit for the
