Shriram Finance shares down 0.64% as Sensex rises
A total of 18,210 shares changed hands on the counter till 01:54PM (IST)
Shares of Ltd. fell 0.64 per cent to Rs 2367.55 in Thursday's session as of 01:54PM (IST) even as the equity benchmark traded 979.09 points higher at 73975.4.Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 2535.0 and a 52-week low of Rs 1202.8 on . Around 18210 shares changed hands on the counter till 01:54PM (IST).
The stock opened at Rs 2379.0 and has touched an intraday high and low of Rs 2395.15 and Rs 2338.8 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 13.39, earnings per share (EPS) of Rs 176.86 and price to book value (PB) of 1.08, while the return on equity (ROE) stood at Rs 13.87.
Promoter/ FII Holding
The promoters held 25.43 per cent stake in the company as of March 28, while FII and MF ownerships stood at 53.97 per cent and 10.97 per cent, respectively.
Key Financials
With a market capitalisation of Rs 88918.36 crore, the company operates in the NBFC - Diversified industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 9305.75 crore, up 4.64 per cent from the previous quarter?s Rs 8892.99 crore and up 19.16 per cent from the same quarter a year ago. The company reported net profit of Rs 1866.24 crore for the latest quarter, up 3.74 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 50.74. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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
