Shriram Trans Fin shares drop 0.63% as Sensex rises

Shares of Shriram Finance Ltd. traded 0.63 per cent down at Rs 1278.8 at 01:02PM (IST) on Wednesday, even as BSE benchmark Sensex gained 483.41 points to 59589.85. The scrip had settled at Rs 1286.9 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1509.25 and Rs 1047.7, respectively.

As per BSE data, total traded volume on the counter till 01:02PM (IST) stood at 01:02PM shares with turnover at Rs 0.66 crore.

At the prevailing price, shares of the company trades at 9.78 times its trailing 12-month earnings per share of Rs 131.56 per share and 1.18 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.69.

Shareholding Details
Promoters held 25.29 per cent stake in the company as of 31-Dec-2022, while FIIs owned 42.9 per cent and DIIs 11.13 per cent.