Shriram Finance shares fall 2.57 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 39.23 on Thursday.
Shares of Ltd. fell 2.57 per cent to Rs 2312.65 in Thursday's trade as of 01:58PM (IST) even as the benchmark ruled at 22541.6, down 163.11 points.The scrip had closed at Rs 2373.75 in the previous session. The stock quoted a 52-week low of Rs 1390.2 and a high of Rs 2658.0. The company quoted a market-cap of Rs 89062.9 crore on the .
On BSE, 10,951 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 12.09 times its trailing 12-month EPS of Rs 196.02 per share and 1.81 times its book value. The return on equity (ROE) stood at Rs 15.04.
Key Financials
For the quarter ended 31-Mar-2024, Ltd. reported consolidated sales of Rs 9918.3 crore, up 24.29 per cent from the same quarter a year ago. The company reported 56.3 per cent YoY growth in net profit at Rs 2008.8 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
