Shriram Finance shares up 0.46% as Nifty gains
A total of 10,603 shares changed hands on the counter till 12:32PM (IST).
NEW DELHI: Shares of Ltd. traded 0.46 per cent up in Friday's trade at 12:32PM (IST). Around 10,603 shares changed hands on the counter.The stock opened at Rs 2344.0 and touched an intraday high and low of Rs 2355.65 and Rs 2320.9, respectively, in the session so far. The stock of Ltd. quoted a 52-week high of Rs 2658.0 and a 52-week low of Rs 1306.6.
Total market cap of the Ltd. stood at Rs 87933.86 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 9918.3 crore for the quarter ended 31-Mar-2024, up 6.58 per cent from previous quarter's Rs 9305.75 crore and up 24.29 per cent from the year-ago quarter's Rs 7979.75 crore.
The net profit for latest quarter stood at Rs 2008.8 crore, up 56.3 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 10.8 per cent stake in the company, while foreign institutional investors held 53.9 per cent and the promoters 25.42 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 13.75 and a price-to-book ratio of 1.81. 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
