Shriram Finance Ltd

(SHRIRAMFIN)

Shriram Finance Shares Experience Volatility - 22 Nov, 2024

On November 22, 2024, Shriram Finance shares traded at Rs 2819.10, down 0.63% from the previous close. The stock has a 52-week range of Rs 1933.70 to Rs 3652.15, with significant trading volume. Key metrics include a P/E ratio of 13.14 and an ROE of 15.04%. The stock's performance indicates a bearish trend as it trades below both the 50-DMA and 200-DMA.

Morgan Stanley Upgrades Shriram Finance Outlook - 21 Nov, 2024

Morgan Stanley has maintained an ‘Overweight’ rating on Shriram Finance, setting a target price of ₹4,200, indicating a potential upside of 49.5%. The company expects medium-term loan growth of 15-20% and stable net interest margins, aiming for a return on equity above 16%.

Shriram Finance Reports Strong Quarterly Growth - 19 Nov, 2024

Shriram Finance Ltd. reported a 16.3% YoY increase in net interest income to ₹5,606 crore and an 18% rise in profit after tax to ₹2,071 crore for Q2FY24. The company's shares have delivered a robust 38% return YTD in 2024.

Shriram Finance Targets Growth in SME and Gold Loans - 18 Nov, 2024

Shriram Finance plans to enhance its SME and gold loan sectors, targeting 20% growth in SME loans. The company also reported an 18.26% profit increase and aims to add 700 branches in three years.

October Boosts Vehicle Sales for Shriram Finance - 09 Nov, 2024

Y S Chakravarti, MD and CEO of Shriram Finance, noted that aggressive festive discounts and attractive schemes led to increased vehicle sales in October, especially for two-wheelers and passenger cars.

Shriram Finance Shares Decline, Market Cap Drops - 07 Nov, 2024

Shares of Shriram Finance Limited decreased by 1.90%, resulting in a market capitalization loss of approximately ₹3,013 crore, reflecting adverse market conditions.

Shriram Finance Reports Strong Growth in Deposits - 06 Nov, 2024

Umesh Revankar, executive vice-chairman of Shriram Finance, highlighted the company's steady growth, with deposits increasing by 20% Year-on-Year, offering competitive rates akin to smaller banks.

Shriram Finance Reports Strong Growth and Stability - 05 Nov, 2024

Shriram Finance demonstrated consistent growth and stable asset quality in Q2FY25, with improved profitability and a focus on MSME and gold loans. The company maintained healthy earnings and return on assets despite cost challenges.

Shriram Finance Reports Strong Asset Quality and Growth - 04 Nov, 2024

Shriram Finance demonstrated improved asset quality with a 20% growth in AUM. Stage 2 and 3 assets declined, indicating better performance compared to peers. Management noted low exposure to unsecured segments, contributing to strong ROA of 3.1% over six quarters.

Shriram Finance Reports Strong Q2 Results and Dividend - 31 Oct, 2024

Shriram Finance declared an interim dividend of Rs 22 per share and reported an 18.3% increase in Q2 profit after tax, aligning with estimates. Despite a recent stock correction, it has shown strong year-to-date and annual returns.

Shriram Finance Reports Strong Q2 Performance and Dividend - 28 Oct, 2024

Shriram Finance's Q2FY25 results showed a net profit increase of 20.2% YoY, leading to a 7% share price surge. The company declared an interim dividend of Rs 22 per share and maintained a positive outlook, reiterating a BUY rating with a target price of INR 4,000.

Shriram Finance Reports Strong Q2 Profit Growth - 27 Oct, 2024

Shriram Finance Ltd reported an 18.3% year-on-year increase in net profit, reaching ₹2,071.3 crore for Q2 ending September 30, 2024, slightly below expectations.

Shriram Finance Reports Profit Rise and Stock Split - 26 Oct, 2024

Shriram Finance announced a 18.3% rise in net profit, a 5:1 stock split, and a 220% interim dividend, reflecting strong demand in lending segments.

Shriram Finance Reports Strong Q2 Results and Stock Split - 25 Oct, 2024

Shriram Finance's Q2FY25 results show a 20% rise in net profit to Rs 2,153 crore. The company also declared a 220% interim dividend and announced a 1:5 stock split, enhancing liquidity for investors.

Shriram Finance Q2 Preview Shows Strong Growth - 24 Oct, 2024

Shriram Finance is expected to report an 18.7% YoY increase in PAT for Q2FY25, reaching Rs 2,076 crore. AUM is projected to grow 20%, with a board meeting scheduled to consider an interim dividend and stock split. Shares rose 0.72% ahead of results.