Shriram Finance stock price down 6.91 per cent as Sensex climbs
Shriram Finance Ltd. fell 6.91 per cent to Rs 2313.5 at 01:49PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 58,209 shares with a turnover of Rs 13.77 crore till 01:49PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 13.12, while the price-to-book value ratio stood at 1.08.
Return on equity (ROE) was at 13.87 per cent, according to exchange data. The stock hit an intraday high of Rs 2533.8 and a low of Rs 2255.95 during the session and quoted a 52-week high price of Rs 2535.0 and a 52-week low of Rs 1190.0.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.69.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 1911.42 on February 27, while the 50-DMA was at Rs 2266.24. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 46.47. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Dec-2023, promoters held 25.43 per cent stake in the company, while FIIs held 53.97 per cent and domestic institutional
