Shriram Finance shares gain 1.06% as Sensex rises
Shriram Finance Ltd. traded 1.06 per cent up at Rs 1851.9 at 10:40AM (IST) on Monday, even as BSE benchmark Sensex gained 184.8 points to 65906.05.
The scrip had settled at Rs 1832.5 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1899.9 and Rs 1147.05, respectively.
As per BSE data, total traded volume on the counter till 10:40AM (IST) stood at 10:40AM shares with turnover at Rs 4427.0 crore. At the prevailing price, shares of the company trades at 11.87 times its trailing 12-month earnings per share of Rs 156.3 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.
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