Shriram Finance stock price up 0.3 per cent as Sensex climbs
Shriram Finance Ltd. rose 0.3 per cent to Rs 1793.6 at 11:23AM hours (IST) on Friday. 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 12,433 shares with a turnover of Rs 223.0 crore till 11:23AM (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 1810.6 and a low of Rs 1788.4 during the session and quoted a 52-week high price of Rs 1828.75 and a 52-week low of Rs 1147.05. 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 1335.63 on July 14, while the 50-DMA was at Rs 1509.55. 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 68.94.
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