Shriram Finance shares up 0.46% as Sensex rises
Shriram Finance Ltd. gained 0.46 per cent to Rs 1825.9 in Friday's session as of 01:39PM (IST) even as the equity benchmark Sensex traded 373.18 points higher at 65613.86. Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 1899.9 and a 52-week low of Rs 1147.05 on NSE. Around 36189 shares changed hands on the counter till 01:39PM (IST). The stock opened at Rs 1840.35 and has touched an intraday high and low of Rs 1840.95 and Rs 1802.55 during the session so far.
The scrip quoted a price-to-earnings (PE) ratio of 11.69, earnings per share (EPS) of Rs 156.3 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 25.48 per cent stake in the company as of August 04, while FII and MF ownerships stood at 55.36 per cent and 8.84 per cent, respectively.Key Financials With a market capitalisation of Rs 68465.81 crore, the company operates in the NBFC — Diversified industry. 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 same quarter a year ago. The company reported net profit of Rs 1705.24 crore for the latest quarter, up 76.43 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 59.35.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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
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