{"id":109479,"date":"2023-09-08T18:04:59","date_gmt":"2023-09-08T12:34:59","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109479"},"modified":"2023-09-08T18:05:05","modified_gmt":"2023-09-08T12:35:05","slug":"nbfc-stock-jumps-3-5-to-reach-52-week-high-after-fii-increases-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-jumps-3-5-to-reach-52-week-high-after-fii-increases-stake-in-the-company\/","title":{"rendered":"NBFC stock jumps 3.5% to reach 52-week high after FII increases stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3756907969\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This large cap stock jumped 3.5% and reached its 52- week high after FII increased their existing stake in the company. The stock saw a strong movement in the market today.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3138062171\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SHRIRAMFIN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Shriram Finance Limited<\/a><\/strong> closed at Rs. 1955 levels. The stock gained 3.5% to reach its 52- week high of Rs. 1959.95 per share. In the last six months, the stock gave a return of 49.06%. In the last five years, it has given a consistent return of 36.31%.<\/p><p>On 6 September 2023, Foreign Institutional Investor(FII) Government of Singapore bought 0.29%, 10.8 lakh shares of face value of Rs. 10 each through open market application. GOS now holds a total of 4.41% stake in the company along with the Monetary Authority of Singapore who holds 0.68% stake in the company.<\/p><p>The company has a market capitalisation of Rs. 70909 crore. Comparing its recent financials on a QoQ basis, the company has recorded an increase of 4.02% in its revenue from Rs. 7966.45 crore in Q4FY23 to Rs. 8287.39 crore in Q1FY24. <\/p><div class=\"trade-content_5\" id=\"trade-2798509081\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Its net profit which was Rs. 1285.19 crore in Q4FY23 increased by 32.6% to Rs. 1705.24 in Q1FY24. It maintains a P\/E ratio of 12.13 against its industry average of 28.53.<\/p><p>Shriram Finance Limited is the largest financier in India for micro, small and medium enterprises and two- wheelers. After the sudden increase in personal loans, the company began to produce significant revenues. The largest NBFC in India provides loans for personal and other purposes, including gold loans, auto loans, mortgage loans, and loans for small businesses.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3480740531\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This large cap stock jumped 3.5% and reached its 52- week high after FII increased their existing stake in the company. The stock saw a strong movement in the market today. Share price of Shriram Finance Limited closed at Rs. 1955 levels. The stock gained 3.5% to reach its 52- week high of Rs. 1959.95 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11044,11043,948,936,11045],"class_list":["post-109479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-shriram-finance-latest-news","tag-shriram-finance-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-shriram-finance-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NBFC stock jumps 3.5% to reach 52-week high after FII increases stake in the company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This large cap stock jumped 3.5% and reached its 52- week high after FII increased their existing stake in the company. 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