Shriram Finance Ltd shares rose 1.15 per cent to Rs 2,959.1 at 12:23 IST on Monday. The stock has hit a high of Rs 3,035.2 and a low of Rs 2,904.7 so far during the trading session. The stock closed at Rs 2,925.3 in the previous session. The stock has traded 42,260 shares so far on the NSE, giving it a market capitalisation of Rs 124.9 crore. The price-to-earnings ratio (PER) is 14.5 times and price-to-book ratio (PBR) is 1.81 times.
A high price-to-earnings ratio indicates that investors are willing to pay a higher price for the stock’s earnings per rupee due to higher future growth expectations.
Price-to-book ratios indicate a company’s intrinsic value and reflect the price investors are willing to pay even in the absence of business growth.
The stock has risen 62.84 percent over the past year, while the 30-stock index has risen 21.93 percent during the same period.
Shriram Finance Ltd. belongs to the NBFC – Diversified industry.
Promoter/FII Holdings
As of June 30, 2024, promoters hold 25.0% shares in the company, while foreign investors and domestic institutional investors hold 54.28% and 10.18%, respectively.
The company reported consolidated net sales of Rs 9609.71 crore for the quarter ended June 30, 2024, down 3.11% from Rs 991.83 crore in the previous quarter and down 15.88% from Rs 8292.53 crore in the same period last year.
Profit for the latest quarter was Rs 202.28 billion, up 18.62% from the same period last year.
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