Share price of Shriram Finance jumps as Sensex gains 626.79 points

The share price of Shriram Finance Ltd. gained 2.6 per cent to Rs 2750.05 at 11:06AM (IST) in Friday's trade. The stock has hit a high of Rs 2760.0 and low of Rs 2681.05 so far during the session. The stock had closed at Rs 2680.3 in the previous session.

The counter has had a total traded volume of 11554 shares so far with a value of Rs 3.15 crore on the NSE. It traded at a price-to-earnings multiple of 14.06 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 51.14 per cent during the past one year, while the 30-share index advanced 20.93 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 FIIs and domestic institutional investors ownership stood at 54.28 per cent and 10.18 per cent, respectively.

Key Financials
The firm reported consolidated 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.

Profit for the latest quarter stood at Rs 2008.8 crore, up 56.3 per cent from the same quarter a year ago.