Shriram Finance shares drop 0.49% as Sensex rises
Shriram Finance Ltd. traded 0.49 per cent down at Rs 1938.0 at 12:42PM (IST) on Tuesday, even as BSE benchmark Sensex gained 10.5 points to 65980.54.
The scrip had closed at Rs 1947.45 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 2050.0 and Rs 1190.0, respectively.
As per BSE data, total traded volume on the counter till 12:42PM (IST) stood at 12:42PM shares with turnover at Rs 1.05 crore.
At the current price, shares of the company trades at 11.08 times its trailing 12-month EPS of Rs 175.18 per share and 1.08 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.69.
Shareholding Details Promoters held 25.45 per cent stake in the company as of 30-Sep-2023, while FIIs owned 54.67 per cent and DIIs 15.13 per cent.
