Shriram Finance Share Worth: Shriram Finance shares down 0.26% as Nifty positive aspects
The counter opened at Rs 1914.35 and touched an intraday excessive and low of Rs 1914.35 and Rs 1856.4, respectively, within the session to date. The inventory of Shriram Finance Ltd. quoted a 52-week excessive of Rs 1974.95 and a 52-week low of Rs 1172.0.
Complete market cap of the Shriram Finance Ltd. stood at Rs 70371.86 crore on the time of scripting this report.
Key Financials
The corporate reported consolidated gross sales of Rs 8292.53 crore for the quarter ended 30-Jun-2023, up 3.92 per cent from earlier quarter’s Rs 7979.75 crore and up 61.04 per cent from the year-ago quarter’s Rs 5149.26 crore.
The web revenue for contemporary quarter stood at Rs 1705.24 crore, up 76.43 per cent from the identical quarter a yr in the past.
Shareholding sample
As of 30-Jun-2023, DIIs held 8.84 per cent stake within the firm, whereas overseas institutional buyers held 55.36 per cent and the promoters 25.48 per cent.
Valuation ratio
In accordance with BSE information, the inventory traded at a P/E a number of of 12.01 and a price-to-book ratio of 1.08. A better P/E ratio exhibits buyers are keen to pay the next worth due to higher future progress expectations. Worth-to-book worth signifies the inherent worth of an organization and is the measure of the worth that buyers are able to pay even for no progress within the enterprise.
Shriram Finance Ltd. belongs to the NBFC – Diversified trade.
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