Shriram Finance shares up 0.6% as Nifty gains
A total of 6,890 shares changed hands on the counter till 11:42AM (IST).
NEW DELHI: Shares of Ltd. traded 0.6 per cent up in Monday's trade at 11:42AM (IST). Around 6,890 shares changed hands on the counter.The counter opened at Rs 2906.15 and touched an intraday high and low of Rs 2944.45 and Rs 2904.4, respectively, in the session so far. Shares of the company of Ltd. quoted a 52-week high of Rs 3058.95 and a 52-week low of Rs 1699.1.
Total market cap of the Ltd. stood at Rs 109211.03 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 firm, 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 P/E multiple of 14.83 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
