Shriram Asset Management Adjusts Technical Outlook Amid Flat Financial Performance

Shriram Asset Management Co has recently undergone an evaluation adjustment, reflecting a shift in its technical outlook. The stock's technical trend has transitioned from a sideways movement to a mildly bullish stance, indicating a change in market sentiment. Key technical indicators such as the MACD and Bollinger Bands are currently showing bullish signals, while the KST also reflects a positive trend on a weekly basis.
Despite this adjustment, the company has reported flat financial performance for the quarter ending Q4 FY24-25, with operating losses contributing to a challenging long-term fundamental strength. The stock's earnings per share for the quarter reached a low of Rs -3.98, and the company has experienced a significant decline in operating profit growth over the past year.

In terms of market performance, Shriram Asset Management Co has demonstrated notable returns, outperforming the BSE 500 index over various time frames, including a remarkable 116.59% return in the last year. However, the stock is considered risky due to negative EBITDA and a decline in profits.

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