Shriram Finance stock price down 0.42 per cent as Sensex climbs

Shares of Shriram Finance Ltd. fell 0.42 per cent to Rs 1836.1 at 01:15PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 7,284 shares with a turnover of Rs 133.0 crore till 01:15PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 11.76, while the price-to-book value ratio stood at 1.08.

Return on equity (ROE) was at 13.87 per cent, according to exchange data. The stock hit an intraday high of Rs 1856.75 and a low of Rs 1821.5 during the session and quoted a 52-week high price of Rs 1899.9 and a 52-week low of Rs 1147.05.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1419.62 on August 23, while the 50-DMA was at Rs 1752.06. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 55.56. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2023, promoters held 25.48 per cent stake in the company, while FIIs held 55.36 per cent and domestic institutional investors had 14.66 per cent.