Shriram Finance Faces Short-Term Challenges Amid Broader Market Decline
Shriram Finance, a key player in the NBFC sector, has seen a decline today, underperforming relative to its peers. The stock is trading below multiple moving averages, indicating a bearish trend. Despite recent challenges, it has shown significant growth over the past three years compared to the broader market.
Shriram Finance, a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a decline of 3.06% today, marking a notable underperformance compared to its sector peers. The stock reached an intraday low of Rs 602.5, reflecting a drop of 3.09%. In terms of moving averages, Shriram Finance is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term. Over the past week, the stock has decreased by 3.92%, while its performance over the last month shows a decline of 2.18%.
In a broader market context, the Sensex has also faced challenges, falling by 343.69 points to 81,033.70, a decrease of 0.74%. Notably, Shriram Finance's performance over the past three years has been impressive, with a growth of 125.90%, significantly outpacing the Sensex's 37.79% increase during the same period. Despite today's downturn, the year-to-date performance of Shriram Finance stands at 3.96%, slightly ahead of the Sensex's 3.75%.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
