Share price of Shriram Finance jumps as Sensex drops 756.78 points

Share price of Shriram Finance Ltd. gained 0.38 per cent to Rs 3000.3 at 12:38PM (IST) in Friday's trade. The scrip hit a high of Rs 3022.75 and low of Rs 2920.3 so far during the session. The stock had closed at Rs 2988.85 in the previous session.

The counter had a total traded volume of 12:38PM shares so far with a turnover of Rs 6.02 crore on BSE. The stock traded at a price-to-earnings multiple of 14.64 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 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.

Promotor/FII Holding
Promoters held 25.41 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 15.24 per cent, respectively.

Key Financials
The firm reported consolidated 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.

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