Shriram Finance Achieves 28.27% Growth, Outperforming Sensex Over Past Year

Shriram Finance, a prominent player in the Non-Banking Financial Company (NBFC) sector, has shown significant resilience in its stock performance, despite a slight dip today. The stock is currently trading just 0.76% below its 52-week high of Rs 800, indicating strong market positioning. Today, it opened at Rs 794 and has maintained this level throughout the trading session.
In terms of moving averages, Shriram Finance is performing well, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which reflects a solid trend in its price movement. Over the past year, the stock has delivered an impressive return of 28.27%, significantly outperforming the Sensex, which has risen by only 6.61% during the same period.

The company boasts a market capitalization of Rs 1,51,805.43 crore and a price-to-earnings (P/E) ratio of 17.24, which is notably lower than the industry average of 23.55. This performance is further underscored by a robust year-to-date gain of 39.38%, showcasing Shriram Finance's strong position in the financial landscape.