Shriram Finance shares down 0.63% as Sensex falls
Shriram Finance Ltd. fell 0.63 per cent to Rs 2428.7 in Tuesday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 275.61 points lower at 73596.68.
Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 2535.0 and a 52-week low of Rs 1202.8 on NSE. Around 7459 shares changed hands on the counter till 11:52AM (IST).
The stock opened at Rs 2440.35 and has touched an intraday high and low of Rs 2455.4 and Rs 2423.2 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 13.73, earnings per share (EPS) of Rs 176.86 and price to book value (PB) of 1.08, while the return on equity (ROE) stood at Rs 13.87.
Promoter/ FII Holding
The promoters held 25.43 per cent stake in the company as of March 05, while FII and MF ownerships stood at 53.97 per cent and 10.97 per cent, respectively.
Key Financials With a market capitalisation of Rs 91235.79 crore, the company operates in the NBFC — Diversified industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 9305.75 crore, up 4.64 per cent from the previous quarter?s Rs 8892.99 crore and up 19.16 per cent from the same quarter a year ago. The company reported net profit of Rs 1866.24 crore for the latest quarter, up 3.74 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 54.4. The RSI oscillates between zero and 100. Traditionally, it is considered overbought
