Shriram Finance Stock Trades at Rs 2030 on BSE

Shriram Finance Stock Trades at Rs 2030 on BSE

Shares of Shriram Finance Ltd. traded at Rs 2030.0 on BSE at 01:19PM (IST) on Thursday, down 0.27 per cent from previous close. The stock saw a gap up opening in the morning. A total of 9,000 lakh shares changed hands on the counter till 01:19PM (IST). The stock of Shriram Finance Ltd. commanded a market value of Rs 76231.12 crore, according to BSE. The stock traded at a price-to-earning (P/E) multiple of 11.59, 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. In the BSE500 pack, 309 stocks traded in the green, while 192 stocks were in the red. The stock’s beta value, which measures volatility in relation to the broader market, stood at 1.69. Promoters held 23.44 per cent in Shriram Finance Ltd. as of 30-Sep-2023 while foreign and domestic institutional investors owned 54.67 per cent and 9.57 per cent, respectively.

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