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Shriram Finance Stock Price: As Sensex rises, Shriram Finance stock price rises by 1.15%.

Shares of Shriram Finance Ltd. were trading 1.15% higher at 1:59 PM IST on Tuesday. The stock opened at Rs 2500.0 and has hit intraday highs and lows of Rs 2551.3 and Rs 2490.0 respectively during the session so far.

The stock hit a 52-week high of Rs 2658.0 and a 52-week low of $1390.2. Approximately 8,121 shares have been traded to date.

Benchmark Nifty50 was trading 118.46 points higher at 23377.65, while BSE Sensex was trading 303.46 points higher at 76793.54 at the time of writing.

In the Nifty pack, 40 stocks traded in the green and 10 stocks traded in the red on the day.

main financial

For the quarter ended March 31, 2024, the company reported consolidated revenue of Rs 9918.3 crore, up 6.58% from Rs 9305.75 crore in the previous quarter and up 24.29% year-on-year. The company reported a net profit of Rs 2008.8 crore in the latest quarter. Promoter Holdings
As on March 31, 2024, the promoters hold 25.42% stake in the company, FIIs hold 53.9% and MFs hold 10.8%.

On the technical charts, the stock’s 200-day moving average (DMA) on June 11 was Rs 2186.44, while its 50-day DMA was Rs 2435.26. If a stock is trading above the 50-DMA and 200-DMA, this usually means the immediate trend is up. On the other hand, if a stock is trading well below both the 50-DMA and 200-DMA, it is considered a bearish trend, while if it is trading between these averages, it means the stock could go in either direction.

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