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Shriram Finance posts strong 1-year gains despite YTD pullback

The stock is down 7.3% year-to-date but up 45.7% over the past 12 months, and it slipped 11.5% in September after a five-month winning streak.

Reported · Written up by our desk · Equities

Shriram Finance, an NBFC component of India’s Nifty 50, has delivered multibagger returns over the past year even as its shares are lower year-to-date, LiveMint Markets reported.

The article says Shriram Finance had a market capitalization of ₹2,22,363 crore on the NSE as of 2 October. Year-to-date, the share price is down 7.3%, while the Nifty 50 is down nearly 10% over the last one year. Over the last 12 months, Shriram Finance shares are up 45.7%.

Monthly performance shows weakness recently, with the stock down 11.5% in September and ending a five-month winning streak.

On longer timeframes, the article cites gains of 146% over three years and 265% over five years, along with a 52-week high reached on 6 August and a 52-week low of ₹611.15 on 30 September last year.

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