Share price of Shriram Finance jumps as Sensex gains 108.88 points
A total of 29,302 shares changed hands on the counter till 10:10AM (IST)
Share price of Ltd. gained 2.24 per cent to Rs 2640.0 at 10:10AM (IST) in Friday's trade. The scrip hit a high of Rs 2658.0 and low of Rs 2592.05 so far during the session. The stock had closed at Rs 2582.1 in the previous session.The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 7.73 crore on . The stock traded at a price-to-earnings multiple of 13.75 and a price-to-book ratio of 0.0.
A higher P/E 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 is the measure of the price that investors are ready to pay even for no growth in the business.
Ltd. belongs to the NBFC - Diversified industry.
Promotor/FII Holding
Promoters held 25.42 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 53.9 per cent and 15.69 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 9918.3 crore for the quarter ended 31-Mar-2024, up 6.58 per cent from the previous quarter's Rs 9305.75 crore and up 24.29 per cent from the year-ago quarter's Rs 7979.75 crore.
Its profit for the latest quarter stood at Rs 2008.8 crore, up 56.3 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
