Shriram Finance Ltd Shares Surge 10.2% Amid Strong Annual Gains
Shriram Finance Ltd spurts 10.2%
Business Standard
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Shriram Finance Ltd's stock price increased by 10.2%, reaching ₹1025.6 on the National Stock Exchange (NSE) as of 12:49 IST. Over the past year, the stock has surged 64.21%, significantly outperforming the NIFTY index's 6.94% gain, reflecting strong investor confidence.
- 01Shriram Finance Ltd's stock rose by 10.2% to ₹1025.6.
- 02The stock has increased by 64.21% over the past year.
- 03NIFTY index gained 6.94% in the same period.
- 04The stock's price-to-earnings (PE) ratio is 19.19.
- 05Trading volume today was 132.42 lakh shares, above the average.
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Shriram Finance Ltd's shares experienced a notable increase of 10.2%, reaching ₹1025.6 on the National Stock Exchange (NSE) as of 12:49 IST. This marks the third consecutive session of gains for the company. Over the past year, the stock has surged 64.21%, significantly outpacing the NIFTY index, which rose by 6.94%, and the Nifty Financial Services index, which increased by 7.76%. The benchmark NIFTY index was up 3.58% on the day, while the Sensex rose 3.71%. In the past month, Shriram Finance Ltd's stock has gained 3.89%, compared to a modest 0.13% rise in the Nifty Financial Services index. Today's trading volume was 132.42 lakh shares, surpassing the average of 106.04 lakh shares over the last month. The stock's price-to-earnings (PE) ratio stands at 19.19, based on trailing twelve-month (TTM) earnings ending December 25.
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The significant rise in Shriram Finance Ltd's stock price may boost investor confidence and attract more investments in the financial services sector.
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