Share price of Shriram Finance jumps as Sensex gains 227.17 points
A total of 3,061 shares changed hands on the counter till 10:40AM (IST)
Share price of Ltd. gained 1.97 per cent to Rs 2412.85 at 10:40AM (IST) in Monday's trade. The stock hit a high of Rs 2422.05 and low of Rs 2373.75 so far during the session. The stock had closed at Rs 2366.1 in the previous session.The counter had a total traded volume of 10:40AM shares so far with a turnover of Rs 0.74 crore on . The stock traded at a price-to-earnings multiple of 13.68 and a price-to-book ratio of 1.08.
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 company 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.
Its 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
