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  • Shriram Finance Share Price: Shriram Finance shares drop 0.82% as Sensex falls

Shriram Finance Share Price: Shriram Finance shares drop 0.82% as Sensex falls

Shares of Shriram Finance Ltd. traded 0.82 per cent lower in Monday’s session at 01:15PM (IST). The stock opened at Rs 1922.6 and has touched an intraday high and low of Rs 1923.1 and Rs 1902.75, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1974.95 and a 52-week low of 1147.05. About 5,931 shares changed hands on the counter so far.

Benchmark Nifty50 was down 19.8 points at 20172.55, while the BSE Sensex traded 118.33 points lower at 67720.3 at the time of writing of this report.

In the Nifty pack, 31 stocks traded the day in the green, while 19 were in the red.

Key Financials

For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 8292.53 crore, up 3.92 per cent from the previous quarter’s Rs 7979.75 crore and up 61.04 per cent from the year-ago quarter. The company reported net profit of Rs 1705.24 crore for the latest quarter.

Promoter Holdings
Promoters held 25.48 per cent stake in the company as of 30-Jun-2023, while FIIs held 55.36 per cent and MFs 8.84 per cent.

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1476.08 on September 18, while the 50-DMA was at Rs 1847.82. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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