Shriram Finance shares fall 0.42 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 44.59 on Thursday.
Shares of Ltd. fell 0.42 per cent to Rs 2305.0 in Thursday's trade as of 01:14PM (IST) even as the benchmark ruled at 22005.55, up 166.46 points.The scrip had closed at Rs 2314.85 in the previous session. The stock quoted a 52-week low of Rs 1202.8 and a high of Rs 2535.0. The company quoted a market-cap of Rs 86411.27 crore on the .
On BSE, 14,438 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 13.01 times its trailing 12-month EPS of Rs 176.86 per share and 1.08 times its book value. The return on equity (ROE) stood at Rs 13.87.
Key Financials
For the quarter ended 31-Dec-2023, Ltd. reported consolidated sales of Rs 9305.75 crore, up 19.16 per cent from the same quarter a year ago. The company reported 3.74 per cent YoY growth in net profit at Rs 1866.24 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
