Shriram Finance shares down 1.28% as Nifty drops
A total of 7,670 shares changed hands on the counter till 01:49PM (IST).
NEW DELHI: Shares of Ltd. traded 1.28 per cent down in Friday's trade at 01:49PM (IST). Around 7,670 shares changed hands on the counter.The counter opened at Rs 2527.4 and touched an intraday high and low of Rs 2527.4 and Rs 2480.0, respectively, in the session so far. Shares of the company of Ltd. quoted a 52-week high of Rs 2605.0 and a 52-week low of Rs 1277.0.
Total market cap of the Ltd. stood at Rs 94927.89 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 9305.75 crore for the quarter ended 31-Dec-2023, up 4.64 per cent from previous quarter's Rs 8892.99 crore and up 19.16 per cent from the year-ago quarter's Rs 7809.39 crore.
The net profit for latest quarter stood at Rs 1866.24 crore, up 3.74 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 10.97 per cent stake in the company, while foreign institutional investors held 53.97 per cent and the promoters 25.43 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 14.29 and a price-to-book ratio of 1.08. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Shriram Finance Ltd. belongs to the NBFC - Diversified industry.
Source: Stocks-Markets-Economic Times
