Share price of Shriram Finance falls as Sensex gains 245.33 points

The share price of Shriram Finance Ltd. dropped 1.16 per cent to Rs 1684.6 at 02:04PM (IST) in Tuesday's trade. The scrip has hit a high of Rs 1727.0 and low of Rs 1660.15 so far during the session. The stock had closed at Rs 1704.35 in the previous session.

The counter has had a total traded volume of 49909 shares so far with a value of Rs 8.41 crore on the NSE. It traded at a price-to-earnings multiple of 12.35 and a price-to-book ratio of 1.08.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 34.6 per cent during the past one year, while the 30-share index advanced 22.51 per cent during the same period.

Shriram Finance Ltd. belongs to the NBFC - Diversified industry.

Promotor/FII Holding
Promoters held 23.5 per cent stake in the company as of 31-Mar-2023, while overseas investors and domestic institutional investors ownership stood at 49.78 per cent and 6.04 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 7979.75 crore for the quarter ended 31-Mar-2023, up 2.18 per cent from the previous quarter's Rs 7809.39 crore and up 56.85 per cent from the year-ago quarter's Rs 5087.59 crore.

Profit for the latest quarter stood at Rs 1285.19 crore, up 17.77 per cent from the same quarter a year ago.