Shriram Finance Stock Sees 3.3% Increase and Hits New High on April 3

Shriram Finance, a leading non-banking financial company (NBFC) in the finance industry, saw a 3.3% increase in its stock price on April 3, 2024. This positive movement was reflected in the stock call given by MarketsMOJO, which rated the stock as 'Hold'.

The stock of Shriram Finance also hit a new 52-week and all-time high of Rs.2538.35 on the same day. This outperformed the sector by 2.67%, indicating a strong performance by the company. The stock has been on a consecutive gain for the last 3 days, with a 7.49% increase in returns during this period.

On April 3, the stock touched an intraday high of Rs.2538.35, showing a 2.93% increase. Shriram Finance is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In comparison to the Sensex performance, Shriram Finance has outperformed with a 1-day performance of 3.20% while the Sensex showed a -0.41% performance. Similarly, in the last 1 month, Shriram Finance has shown a 3.58% increase in performance while the Sensex showed a -0.28% performance.

Overall, Shriram Finance has shown a strong performance in the stock market, with a positive movement in its stock price and outperforming the sector and Sensex. Investors may want to keep an eye on this stock as it continues to show promising growth.