Shriram Finance is trading at Rs. 2938.60, marking an increase of 66.90 points or 2.33% from its previous close of Rs. 2871.70 on the BSE.

The stock opened at Rs. 2901.30, reaching a high of Rs. 2971.00 and a low of Rs. 2881.75 during the session, with 10,199 shares changing hands.

With a face value of Rs. 10, this BSE group 'A' stock has a 52-week high of Rs. 3058.95 (achieved on 26-Jun-2024) and a 52-week low of Rs. 1759.20 (on 16-Aug-2023). Over the past week, the stock hit a high of Rs. 2971.00 and a low of Rs. 2809.35. The company's market capitalization stands at Rs. 110286.35 crore.

Promoters hold a 25.41% stake in the company, while institutional investors own 69.52%, and non-institutional investors hold 5.07%.

On August 7, 2024, Shriram Finance signed a Master Agreement with Axis Bank to provide financial assistance and credit facilities for LAP Loans and New Commercial Vehicle Loans through a co-lending arrangement. This will involve back-to-back loan assignments in tranches as per RBI guidelines.

According to the Master Agreement, risk sharing will be proportionate. Shriram Finance will serve as the Servicer, managing collections and monitoring, while Axis Bank will pay service charges to Shriram Finance based on a pre-agreed formula, subject to certain conditions.

Shriram Finance, formerly known as Shriram Transport Finance Company, is one of India's leading asset financing NBFCs. It provides comprehensive financial solutions for the commercial vehicle industry, focusing on supporting small truck owners.