Shriram Finance is currently trading at Rs. 2941.70, marking an increase of 261.40 points or 9.75% from its previous close of Rs. 2680.30 on the BSE.
The stock opened at Rs. 2681.05 and reached a high of Rs. 2987.00 and a low of Rs. 2681.05 during the trading session. A total of 230,126 shares have been traded so far.
The BSE group 'A' stock, with a face value of Rs. 10, reached a 52-week high of Rs. 3058.95 on June 26, 2024, and a 52-week low of Rs. 1759.20 on August 16, 2023.
In the past week, the stock's high and low stood at Rs. 2987.00 and Rs. 2637.00, respectively. The company's current market capitalization is Rs. 110,591.43 crore.
The company's shareholding pattern shows that promoters hold 25.41%, while Institutions and Non-Institutions hold 69.52% and 5.07%, respectively.
For the first quarter ending June 30, 2024 (Q1FY25), Shriram Finance reported a net profit increase of 18.21%, amounting to Rs. 1,980.59 crore compared to Rs. 1,675.44 crore in the same quarter the previous year. The total income for Q1FY25 rose by 20.00% to Rs. 9,609.71 crore, up from Rs. 8,008.01 crore in the corresponding quarter last year.
Shriram Finance, formerly known as Shriram Transport Finance Company, is a leading asset financing NBFC in India. It provides comprehensive financial services to the commercial vehicle industry and aims to support small truck owners in managing their assets effectively.