Shriram Finance Hits New 52-Week High of Rs. 814.15

Shriram Finance has reached a significant milestone by hitting a new 52-week high of Rs. 814.15 today, marking a notable achievement for the large-cap non-banking financial company. This price reflects a 2.21% increase during the trading session, contributing to a three-day consecutive gain of 8.2%. The stock has outperformed its sector by 0.25%, showcasing its strong market position.
In terms of performance metrics, Shriram Finance has demonstrated robust growth over the past year, with a return of 27.67%, significantly outpacing the Sensex, which has recorded a 6.41% increase during the same period. The company has consistently reported positive results for the last eight quarters, with net sales reaching a record high of Rs. 11,912.44 crore and operating profit at Rs. 8,803.40 crore.

Additionally, Shriram Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. With high institutional holdings at 68.27%, the company continues to attract attention in the financial markets, reflecting its solid long-term fundamentals and growth potential.