Shriram Finance stock price up 1.66 per cent as Sensex climbs
Shriram Finance Ltd. rose 1.66 per cent to Rs 2001.55 at 11:01AM hours (IST) on Wednesday. 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 15,870 shares with a turnover of Rs 3.17 crore till 11:01AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 11.43, 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 2015.95 and a low of Rs 1971.45 during the session and quoted a 52-week high price of Rs 2049.95 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 1587.72 on November 15, while the 50-DMA was at Rs 1906.71.
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 60.82. 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.
