Shriram Finance shares 0.0% as Sensex rises

Shares of Shriram Finance Ltd. traded 0.0 per cent in Friday's session at 12:12PM (IST). The stock opened at Rs 2151.0 and has touched an intraday high and low of Rs 2169.5 and Rs 2118.4, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2169.5 and a 52-week low of 1190.0. About 16,903 shares changed hands on the counter so far.

Benchmark Nifty50 was up 29.71 points at 21688.3, while the BSE Sensex traded 86.25 points higher at 71933.82 at the time of writing of this report.


In the Nifty pack, 30 stocks traded the day in the green, while 20 were in the red.


Key Financials
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 8892.99 crore, up 7.24 per cent from the previous quarter's Rs 8292.53 crore and up 66.18 per cent from the year-ago quarter. The company reported net profit of Rs 1786.11 crore for the latest quarter.

Promoter Holdings
Promoters held 25.45 per cent stake in the company as of 30-Sep-2023, while FIIs held 54.67 per cent and MFs 9.57 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1724.7 on January 05, while the 50-DMA was at Rs 2008.18. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.