Shriram Trans Fin declines 1.35% as Sensex climbs

Shares of Shriram Finance Ltd. traded at Rs 1320.5 on BSE at 02:09PM (IST) on Monday, down 1.35 per cent from previous close.

The scrip quoted a 52-week low price of Rs 1058.5 and a high of Rs 1509.25.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 8,310 lakh shares changed hands on the counter till 02:09PM (IST).

The stock of Shriram Finance Ltd. commanded a market value of Rs 49446.87 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 9.66, while the price-to-book value ratio stood at 1.18. Return on equity (ROE) was at 10.42 per cent, according to exchange data.

In the BSE500 pack, 289 stocks traded in the green, while 212 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.69.

Promotor/FII Holding
Promoters held 23.5 per cent in Shriram Finance Ltd. as of 31-Mar-2023 while overseas and domestic institutional investors owned 49.78 per cent and 6.04 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 1294.25 on May 22, while the 50-DMA was at 1306.22. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.