Shriram Finance Ltd Share Price (SHRIRAMFIN)

Shriram Finance's Low P/E Ratio Indicates Inferior Earnings Outlook - 17 Apr, 2024

Shriram Finance Limited's low P/E ratio of 13.7x may indicate an inferior earnings outlook, with analysts forecasting a 13% increase in EPS over the next three years compared to the market's forecasted 20%. Shareholders may not be comfortable holding on while the company eyes a less prosperous future.

Shriram Finance Ltd Stock Drops for Fifth Straight Session - 16 Apr, 2024

Shriram Finance Ltd stock dropped for the fifth consecutive session, quoting at Rs 2414.3, down 0.01% on the NSE. The PE of the stock is 13.85 based on TTM earnings ending December 23. The volume in the stock stood at 4.91 lakh shares today, compared to the daily average of 20.33 lakh shares in the last one month.

Mixed Day for Shriram Finance Ltd. - 15 Apr, 2024

Shriram Finance saw a dip in the Indian equity indices due to geopolitical tensions and high US inflation. However, Sudarshan Sukhani recommended a buy call while ICICI Securities predicts strong Q4 FY24 results.

Bajaj Finance and Shriram Finance Hike Fixed Deposit Rates - 11 Apr, 2024

Shriram Finance Ltd has increased its fixed deposit rates to compensate for lower bank borrowings. Non-bank lenders are turning to more expensive options, including deposits and bonds.

Shriram Finance Q4FY24 Net Profit Expected to Rise by 49.3% - 09 Apr, 2024

Brokerage firm MOSL expects Shriram Finance's net profit in Q4FY24 to rise by 49.3% YoY to Rs 1,953 crore and net interest income to grow by 22.1% YoY to Rs 5,105 crore. Disbursements of Rs 40,300 crore are expected, leading to an AUM of Rs 2.26 lakh crore. Credit costs may decline 15 bps QoQ to 2.2%, while margin is projected to contract 15 bps QoQ to 9.3%. Commentaries on loan growth in CV and asset quality in 2W and PL segments are key monitorables.

Shriram Finance Stock Up; Warburg Pincus & Bain Capital Eyeing Acquisition - 03 Apr, 2024

Shriram Finance's stock is up 2.77% today and has gained 96.59% in the last year. Warburg Pincus and Bain Capital are competing to acquire Shriram Housing Finance Ltd from Shriram Finance.

Wardwizard Innovations & Mobility to Avail Short-Term Loan from Shriram Finance - 29 Mar, 2024

Shriram Finance has approved a short-term working capital loan of Rs 7 crore for Wardwizard Innovations & Mobility. The loan will be secured by personal guarantees and share pledges.

Sanlam Life Insurance Offloads Shares of Shriram Finance - 28 Mar, 2024

One of the promoters of Shriram Finance, Sanlam Life Insurance, has sold shares worth Rs 1,427 crore in an open market transaction. Another promoter entity picked up the same amount of shares at the same price, with no change in shareholding.

Jefferies Initiates Coverage on Shriram Finance with Buy Rating - 22 Mar, 2024

Shriram Finance saw a block deal of 78 lakh shares worth Rs 1,796 crore. Jefferies initiated coverage with a buy rating and a target price of Rs 2,750, citing healthy loan growth and steady asset quality. Institutions own 47% stake in the company.

Shriram Finance Secures $300 Million Through Asset-Backed Securities - 19 Mar, 2024

Shriram Finance has secured $300 million by securitizing a portion of its loan portfolio and offering it to international investors located across Asia. The transaction had a maturity of 6.5 years and was priced at 5.85%, lower than the initial pricing guidance of 6.15%.