Shriram Finance shares up 1.4% as Nifty gains
A total of 11,685 shares changed hands on the counter till 10:15AM (IST).
NEW DELHI: Shares of Ltd. traded 1.4 per cent up in Friday's trade at 10:15AM (IST). Around 11,685 shares changed hands on the counter.The scrip opened at Rs 2320.05 and touched an intraday high and low of Rs 2350.25 and Rs 2306.5, respectively, in the session so far. Shares of the company of Ltd. quoted a 52-week high of Rs 2535.0 and a 52-week low of Rs 1202.8.
As per , the total market cap of the Ltd. stood at Rs 88015.06 crore at the time of writing this report.
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 previous quarter's Rs 8892.99 crore and up 19.16 per cent from the year-ago quarter's Rs 7809.39 crore.
The net profit for latest quarter stood at Rs 1866.24 crore, up 3.74 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 10.97 per cent stake in the company, while foreign institutional investors held 53.97 per cent and the promoters 23.42 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 13.25 and a price-to-book ratio of 1.08. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Shriram Finance Ltd. belongs to the NBFC - Diversified industry.
Source: Stocks-Markets-Economic Times
