Shriram Finance shares up 1.71% as Nifty gains
Shriram Finance Ltd. rose 1.71 per cent to Rs 1988.2 in Friday's trade. It hit an intraday high of Rs 1996.7 and low of Rs 1954.05, respectively, during the day.
The stock quoted a 52-week high price of Rs 1996.7 and low of Rs 1190.0.
As of 10:35AM (IST), the counter saw total traded volume of 10,839 shares with a traded value of Rs 2.14 crore, according to NSE.
The stock had closed at Rs 1954.65 in the previous session.
The scrip has advanced 3.58 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -2.09 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 11.38 while price-to-book ratio stood at 1.08. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the NBFC — Diversified industry.
Promoter/FII Holding Promoters held 23.44 per cent stake in the company as of 30-Sep-2023, while FII and MF ownership in the firm stood at 54.67 per cent and 9.57 per cent, respectively.
