- July 16, 2024
- Posted by: legaleseblogger
- Category: Related News
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Shriram Finance Ltd. Shares Decline Amidst Market Volatility
Current Market Performance
As of 02:00 PM (IST) on Tuesday, shares of Shriram Finance Ltd. traded at Rs 2834.15 on the BSE, down 1.77% from the previous close. The stock has a 52-week low of Rs 1756.25 and a high of Rs 3058.95.
Early Market Trends
The stock opened with a gap down in the morning, marking a challenging start to the day’s trading.
Trading Volumes
A total of 7,779 lakh shares changed hands on the counter till 02:00 PM (IST), indicating moderate trading activity.
Company Profile
Shriram Finance Ltd. commands a market value of Rs 106448.95 crore, making it a significant player in the Indian financial sector. The company’s stock is valued at a price-to-earning (P/E) multiple of 14.45, while the price-to-book value ratio stands at 1.81. The return on equity (ROE) was recorded at 15.04% according to exchange data.
Market Index Performance
In the BSE500 pack, 294 stocks traded in the green, while 207 stocks were in the red, reflecting the overall market volatility.
Promoter Holdings
As of 31-Mar-2024, promoters held 25.42% of the company’s shares, while foreign portfolio investors and domestic institutional investors owned 53.9% and 15.69%, respectively.
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