Shriram Finance Share Price: Shriram Finance share price rises with Sensex gaining 216.83 points

The share price of Shriram Finance Ltd. was up 1.31 per cent at Rs 2,995.50 at 11:57AM (IST) in Monday’s session. The counter touched a high of Rs 2,999.00 and a low of Rs 2,920.05 so far in the session. The stock closed at Rs 2,956.55 in the previous session.

The total trading volume of the shares so far was 2601 and their value on NSE was 0.78 crore. The shares were trading at a price-to-earnings multiple of 14.46 and a price-to-book ratio of 1.81.

A higher price-to-earnings ratio shows that investors are willing to pay a higher price for the rupee-based earnings that the stock offers due to better expectations of future growth.

The price-to-book ratio indicates the intrinsic value of a company and reflects the price investors are willing to pay even if the company does not grow.

The stock has gained 65.79 per cent in the last one year, while the 30-share index has gained 21.38 per cent during the same period. Shriram Finance Ltd. belongs to the NBFC – Diversified industry. Promoter/FII Holding
As of June 30, 2024, shareholders held 25.0 percent of the company’s shares, while the shares of foreign investors and domestic institutional investors were 54.28 percent and 10.18 percent, respectively.

Key financial data
The company said consolidated net sales stood at Rs 9,609.71 crore for the quarter ended June 30, 2024, down 3.11 per cent from Rs 9,918.3 crore in the previous quarter and down 15.88 per cent from Rs 8,292.53 crore in the year-ago quarter.

The profit for the last quarter stood at Rs 2,022.8 crore, up 18.62 per cent over the same quarter a year ago.