Share price of Shriram Finance jumps as Sensex gains 496.04 points
Promoters held 23.41 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 53.9 per cent and 10.8 per cent, respectively.
The share price of Ltd. gained 1.24 per cent to Rs 2391.0 at 10:15AM (IST) in Friday's trade. The scrip has hit a high of Rs 2401.55 and low of Rs 2350.0 so far during the session. The stock had closed at Rs 2361.65 in the previous session.The counter has had a total traded volume of 5953 shares so far with a value of Rs 1.41 crore on the . It traded at a price-to-earnings multiple of 13.75 and a price-to-book ratio of 0.0.
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 76.61 per cent during the past one year, while the 30-share index advanced 18.04 per cent during the same period.
Ltd. belongs to the NBFC - Diversified industry.
Promotor/FII Holding
Promoters held 23.41 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 10.8 per cent, respectively.
Key Financials
The company 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.
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
