Share price of Shriram Finance jumps as Sensex gains 403.65 points
A total of 9,805 shares changed hands on the counter till 11:41AM (IST)
Share price of Ltd. gained 1.3 per cent to Rs 2568.0 at 11:41AM (IST) in Wednesday's trade. The stock hit a high of Rs 2575.0 and low of Rs 2527.6 so far during the session. The stock had closed at Rs 2534.8 in the previous session.The counter had a total traded volume of 11:41AM shares so far with a turnover of Rs 2.51 crore on . The stock traded at a price-to-earnings multiple of 12.89 and a price-to-book ratio of 1.81.
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 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
