Share price of Shriram Finance falls as Sensex drops 521.69 points
Promoters held 23.42 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 53.97 per cent and 10.97 per cent, respectively.
The share price of Ltd. dropped 2.16 per cent to Rs 2431.0 at 12:53PM (IST) in Monday's trade. The stock has hit a high of Rs 2487.15 and low of Rs 2424.1 so far during the session. The stock had closed at Rs 2484.85 in the previous session.The counter has had a total traded volume of 8011 shares so far with a value of Rs 1.95 crore on the . It traded at a price-to-earnings multiple of 13.74 and a price-to-book ratio of 1.08.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 87.45 per cent during the past one year, while the 30-share index advanced 23.18 per cent during the same period.
Ltd. belongs to the NBFC - Diversified industry.
Promotor/FII Holding
Promoters held 23.42 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 53.97 per cent and 10.97 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 9305.75 crore for the quarter ended 31-Dec-2023, up 4.64 per cent from the previous quarter's Rs 8892.99 crore and up 19.16 per cent from the year-ago quarter's Rs 7809.39 crore.
Profit for the latest quarter stood at Rs 1866.24 crore, up 3.74 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
