Shriram Finance shares up 0.5% as Sensex falls
Shriram Finance Ltd. gained 0.5 per cent to Rs 2321.0 in Tuesday's session as of 10:15AM (IST) even as the equity benchmark Sensex traded 528.73 points lower at 72219.69.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2535.0 and a 52-week low of Rs 1202.8 on NSE. Around 5277 shares changed hands on the counter till 10:15AM (IST).
The stock opened at Rs 2339.25 and has touched an intraday high and low of Rs 2343.15 and Rs 2306.95 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 13.06, earnings per share (EPS) of Rs 176.86 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 25.43 per cent stake in the company as of March 19, while FII and MF ownerships stood at 53.97 per cent and 10.97 per cent, respectively.
Key Financials With a market capitalisation of Rs 86783.11 crore, the company operates in the NBFC — Diversified industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 9305.75 crore, up 4.64 per cent from the previous quarter?s Rs 8892.99 crore and up 19.16 per cent from the same quarter a year ago. The company reported net profit of Rs 1866.24 crore for the latest quarter, up 3.74 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 45.46. The RSI oscillates between zero and 100. Traditionally, it is considered
