Shriram Finance Hits New 52-Week High of Rs. 748.5, Outperforming Sector
Shriram Finance has achieved a new 52-week high, reflecting its strong market position and robust financial health. The company has outperformed its sector and consistently reported positive results over the past seven quarters, with significant growth in net sales and operating profit, alongside high institutional holdings.
Shriram Finance has reached a significant milestone by hitting a new 52-week high of Rs. 748.5 today, marking a notable achievement for the large-cap non-banking financial company. This performance comes as the stock has outperformed its sector by 1.77%, showcasing its strong market position.The company has demonstrated robust financial health, with a one-year performance of 21.17%, significantly surpassing the Sensex's growth of 5.87%. Shriram Finance has consistently reported positive results for the last seven consecutive quarters, with net sales reaching a record high of Rs. 11,536.32 crore and operating profit at Rs. 8,473.98 crore.
Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. With a return on equity (ROE) of 14.7% and a healthy growth rate in net sales and operating profit, Shriram Finance continues to demonstrate solid long-term fundamental strength. The company also boasts high institutional holdings at 68.27%, reflecting confidence in its financial stability and growth trajectory.
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