Shriram Finance trades lower on the BSE
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Shriram Finance is currently trading at Rs. 1300.45, down by 38.55 points or 2.88% from its previous closing of Rs. 1339.00 on the BSE.
The scrip opened at Rs. 1285.05 and has touched a high and low of Rs. 1323.55 and Rs. 1285.05 respectively. So far 5863 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1509.25 on 25-Jul-2022 and a 52 week low of Rs. 1002.50 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1419.05 and Rs. 1327.50 respectively. The current market cap of the company is Rs. 48995.68 crore.
The promoters holding in the company stood at 29.37%, while Institutions and Non-Institutions held 65.16% and 5.47% respectively.
Shriram Finance’s Assets Under Management (AUM) in the states of Andhra Pradesh (AP) and Telangana (TG) combined touched Rs 33,000 crore. The growth has been on the back of an economic turnaround, rural markets revival and pick up in infrastructural activity.
This has in turn driven up demand for financing of commercial vehicles, micro, small and medium enterprises (MSME) and two-wheelers. The company caters to the diversified financial needs of 13,50,000 customers through its 498 branches and over 10,000 employees in the states of AP & TG. The company has a large fixed deposit franchise in AP & TG totalling over Rs 2930 crore, with over 46,000 depositors. The growth strategy for the Company will be focused on driving the self-employed and the MSME economy.
Shriram Finance is India’s largest retail asset financing Non-Banking Finance Company (NBFC) with Assets under Management (AUM) of Rs 1.71 trillion. Recently Shriram City Union Finance and Shriram Capital merged with Shriram Transport Finance Company and was subsequently renamed Shriram Finance.
