Share price of Shriram Finance jumps as Sensex drops 24.81 points

The share price of Shriram Finance Ltd. gained 1.15 per cent to Rs 2959.1 at 12:23PM (IST) in Monday's trade. The stock has hit a high of Rs 3035.2 and low of Rs 2904.7 so far during the session. The stock had closed at Rs 2925.3 in the previous session.

The counter has had a total traded volume of 42260 shares so far with a value of Rs 12.49 crore on the NSE. It traded at a price-to-earnings multiple of 14.5 and a price-to-book ratio of 1.81.

A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 62.84 per cent during the past one year, while the 30-share index advanced 21.93 per cent during the same period.

Shriram Finance Ltd. belongs to the NBFC - Diversified industry.

Promotor/FII Holding
Promoters held 25.0 per cent stake in the company as of 30-Jun-2024, while foreign investors and domestic institutional investors ownership stood at 54.28 per cent and 10.18 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 9609.71 crore for the quarter ended 30-Jun-2024, down 3.11 per cent from the previous quarter's Rs 9918.3 crore and down 15.88 per cent from the year-ago quarter's Rs 8292.53 crore.

Profit for the latest quarter stood at Rs 2022.8 crore, up 18.62 per cent from the same quarter a year ago.