Shriram Finance shares drop 2.03% as Sensex falls
Shriram Finance Ltd. traded 2.03 per cent lower in Tuesday's session at 02:10PM (IST).
The stock opened at Rs 1944.8 and has touched an intraday high and low of Rs 1944.8 and Rs 1890.05, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1974.95 and a 52-week low of 1147.05. About 20,081 shares changed hands on the counter so far.
Benchmark Nifty50 was up 1.1 points at 19675.65, while the BSE Sensex traded 37.76 points lower at 65985.93 at the time of writing of this report.
In the Nifty pack, 29 stocks traded the day in the green, while 21 were in the red.
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.
The company reported net profit of Rs 1705.24 crore for the latest quarter.
Promoter Holdings Promoters held 25.48 per cent stake in the company as of 30-Jun-2023, while FIIs held 55.36 per cent and MFs 8.84 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1491.22 on September 26, while the 50-DMA was at Rs 1861.9. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
