Saturday, October 19, 2024
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Saturday, October 19, 2024

Shares of Shriram Finance fell 1.38% as Nifty fell

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Shares of Shriram Finance Ltd fell 1.38 percent at around 12:26PM (IST) on Wednesday to Rs. 3467.0, while the benchmark BSE Sensex fell 125.89 points to 84788.15.

Rs. As many as 5,956 shares were exchanged over the counter with a total value of Rs 2.07 crore.

Share Rs. 3622.45 to 52 week high and Rs. It quoted a 52-week low of 1760.9.

On the technical chart, the stock’s 200-DMA is Rs. 2589.43, while the 50-DMA was Rs. was 3118.62. If a stock trades above the 50 DMA and 200 DMA, it usually means that the immediate trend is up. On the other hand, if the stock trades below both the 50 DMA and 200 DMA, it is considered a bearish trend and if it trades between the 50DMA and 200DMA, it indicates that the stock could go anywhere.

The company’s shares have gained 78.15 percent in the last one year, while the Sensex has gained 24.98 percent during the same period.

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    According to BSE data, the stock trades at a price-to-earnings multiple of 16.93 and a price-to-book ratio of 1.81. A high P/E ratio indicates that investors are willing to pay a higher price due to better future growth expectations. Book value represents the underlying value of a company and reflects the price that investors are willing to pay even if the business is not growing. This stock belongs to NBFC – Diversified Industry.

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