After the NBFC reported a net profit of Rs 1,818.3 crore for the December 2023 quarter, as against a profit of Rs 1,777 crore on a year-on-year (y-o-y) basis, Shriram. Finance Inc.'s stock price hit a record high in early trading today.
Shriram Finance's share price rose 6.18% to Rs 2,448.85 against its pre-BSE closing price of Rs 2,306.15. Meanwhile, Shriram Finance's share price fell to a 52-week low of Rs 1,190 on February 28, 2023.
Shriram Finance's share price has gained 90.72% in 1 year and 30.22% in 6 months. A total of 037,000 shares of the company were transferred due to the BSE, resulting in a high turnover of Rs 8,800 crore. Shriram Finance's market capitalization rose to Rs 88,890 crore.
The stock's volatility has been very low over the past year, with a beta of 0.4. On the technical side, the stock's relative strength index (RSI) is 65.8, indicating that the stock is not trading in either overbought or oversold zones. Shriram Finance stock price is trading higher than its 5-day, 20-day, 30-day, 50-day, 100-day and 200-day moving averages.
Net interest income (NII), which is the difference between interest earned by banks from lending activities and interest paid to depositors, increased by 17.1% to Rs 4,911 crore as against Rs 4,192.1 crore in the corresponding quarter of FY23. It became.
Total assets under management as of the end of the third quarter surged by 20.70% to Rs 214,233.47 crore as against Rs 177,498.02 crore as on December 31, 2022 and Rs 202,640.96 crore as on September 30, 2023. It became.
Earnings per share (underlying) increased by 2.02% to Rs 48.42 as against Rs 47.46 in the year-ago period. The Board of Directors fixed the record date of the rights to February 6, 2024 and declared an interim dividend of Rs 10 per share (100%).
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