Shriram Finance shares fall 0.39 per cent in Tuesday's trading session
Shriram Finance Ltd. fell 0.39 per cent to Rs 2047.95 in Tuesday's trade as of 11:57AM (IST) even as the benchmark Nifty ruled at 21460.65, up 111.25 points.
The scrip had closed at Rs 2056.1 in the previous session.
The stock quoted a 52-week low of Rs 1190.0 and a high of Rs 2129.55. The company quoted a market-cap of Rs 77128.2 crore on the BSE.
On BSE, 20,020 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 11.73 times its trailing 12-month EPS of Rs 175.18 per share and 1.08 times its book value. The return on equity (ROE) stood at Rs 13.87.
Key Financials For the quarter ended 30-Sep-2023, Shriram Finance Ltd.
reported consolidated sales of Rs 8892.99 crore, up 66.18 per cent from the same quarter a year ago. The company reported 67.0 per cent YoY growth in net profit at Rs 1786.11 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Tuesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
