Latest Shriram Finance News
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The Economic Times
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
BPCL, Coal India Ltd, ONGC, Adani Ports SEZ and Shriram Finance were among the top losers on NSE in today's trade.
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Thu, Sep 19, 2024
The Economic Times
Shriram Finance shares drop 0.55% as Sensex rises
A total of 10,997 shares changed hands on the counter till 10:56AM (IST)
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Thu, Sep 19, 2024
The Economic Times
Shriram Finance shares up 1.48% as Nifty drops
A total of 3,149 shares changed hands on the counter till 10:09AM (IST).
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Wed, Sep 18, 2024
The Economic Times
NBFCs witness higher deposit growth than banks, records 21% rise in FY24
Non-bank lenders in India have expanded their deposit base by 21% in FY24, outpacing banks' 13.5% growth, according to RBI data. Major NBFCs like Bajaj Finance and Shriram Finance offer higher interest rates than banks, making them attractive to savers. The number of deposit-taking NBFCs has been reduced to 25 from 34 last year.
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Tue, Sep 17, 2024
Business Standard
Divi's Lab, AEL, M&M among top movers & shakers in FY25; trading guide here
Among existing gainers, Divi's Lab and Shriram Finance seem poised for further gains, whereas losers IndusInd Bank and Nestle too look promising on technical charts; check key levels.
The Economic Times
Shriram Finance shares gain 0.61% as Sensex falls
A total of 5,810 shares changed hands on the counter till 10:29AM (IST)
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Tue, Sep 17, 2024
CNBC TV18
Analysts recommend buying Marico, Crompton, Tata Consumer, UBL and Shriram Finance for today's trade
On Tuesday, market tech analysts Apurva Sheth, Mitessh Thakkar and Shilpa Rout recommended these stocks for the short term.
The Economic Times
Shriram Finance shares up 1.21% as Nifty gains
A total of 3,131 shares changed hands on the counter till time (IST).
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Mon, Sep 16, 2024
The Economic Times
Shriram Finance shares drop 0.03% as Sensex rises
On the technical charts, the RSI of the stock stood at 71.05.
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Fri, Sep 13, 2024
The Economic Times
Bharti Airtel, Shriram Finance among 7 Nifty50 stocks hitting new 52-week highs on Thursday
Indian stock markets hit new highs on Thursday, driven by rising commodity stocks and hopes of Chinese interest rate cuts, with seven Nifty50 stocks also reaching new 52-week highs.
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Thu, Sep 12, 2024
The Economic Times
Shriram Finance shares rise 2.16 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 68.7 on Thursday.
The Economic Times
Shriram Finance shares gain 0.15% as Sensex rises
A total of 4,929 shares changed hands on the counter till 11:47AM (IST)
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Wed, Sep 11, 2024
The Economic Times
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
HDFC Life, SBI Life, Bajaj Finserv, Shriram Finance and Bajaj Finance were among the top losers on NSE in today's trade.
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Tue, Sep 10, 2024
The Economic Times
Shriram Finance shares decline 1.52% as Sensex climbs
A total of 16,358 shares changed hands on the counter till 02:07PM (IST)
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Tue, Sep 10, 2024
The Economic Times
Shriram Finance, SBI Life among 5 stocks with significant long buildup
A long buildup happens when open interest and trading volumes rise along with the underlying stock price in the Futures and Options segment, indicating a bullish market trend.
Business Standard
Shriram Finance plans to raise $1 bn from overseas; shares hit a life high
Shriram Finance shares hit all time high after the company plans to raise $1 bn from overseas in the next 6 months
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Mon, Sep 9, 2024
The Economic Times
Shriram Finance plans to raise $1 bn from overseas in next 6 months
Shriram Finance plans to raise USD 1 billion from overseas in the next six months to support business growth. The company aims to secure USD 300 million by October and the remaining amount by the end of the financial year. This includes loans from institutions like Asian Development Bank and United States Development Finance Corporation.
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Sun, Sep 8, 2024
Business Standard
Shriram Finance plans to raise $1 bn from overseas in next 6 months
NBFC Shriram Finance plans to raise USD 1 billion (about Rs 8,300 crore) from overseas in the next 6 months to fund its business growth. "We are planning to raise USD 300 million in the next few weeks, may be by October and rest USD 500-700 million during the remaining part of the current financial year," Shriram Finance Managing Director and CEO Y S Chakravarti told PTI. The fund raise would also include loans from development financial institutions like Asian Development Bank, Kfw, and United States Development Finance Corporation (DFC). The timing would depend on market conditions, he added. To fund its business growth, the Non-Banking Financial Company (NBFC) raises resources from diversified sources like public deposits, bank finance and raising money from domestic markets. On the loan growth, Chakravarti said, it is expected to increase 15 to 16 per cent during the current financial year. The company's Assets Under Management (AUM) stood at Rs 2.33 lakh crore at the end of J
The Economic Times
Shriram Finance shares down 0.19% as Sensex falls
A total of 2,005 shares changed hands on the counter till 11:16AM (IST)
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Fri, Sep 6, 2024
The Economic Times
Why low valuation can, or can’t, be the only reason you should bet on Shriram Finance
In the last one year, Shriram Finance went up nearly 70%, compared with Nifty 50’s 28% gains. Still, the stock is trading at a lower valuation compared to its peers. But is it a good enough reason to bet on Shriram Finance?
The Economic Times
Shriram Finance shares gain 0.6% as Sensex falls
A total of 5,990 shares changed hands on the counter till 10:50AM (IST)
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Thu, Sep 5, 2024
The Economic Times
Shriram Finance shares rise 0.05% as Sensex climbs
A total of 3,801 shares changed hands on the counter till 12:54PM (IST)
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Fri, Aug 30, 2024
Business Standard
Shriram Finance plans to raise up to $1.5 bn from overseas, says CEO
Last November, Reserve Bank of India asked all lenders to set aside more capital on loans given to non-banking financial companies (NBFCs)
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Tue, Aug 27, 2024
The Economic Times
Shriram Finance plans to raise up to $1.5 bn from overseas, CEO says
Shriram Finance, an Indian non-banking lender, plans to raise $1.25 billion to $1.5 billion in the current fiscal year from international markets to diversify its borrowings. The funds will be raised through a mix of loans and bonds. This move comes after India's central bank required lenders to hold more capital for loans to NBFCs, increasing the cost of raising funds.
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Tue, Aug 27, 2024
The Economic Times
Shriram Finance shares gain 1.56% as Sensex rises
On the technical charts, the RSI of the stock stood at 67.14.
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Tue, Aug 27, 2024
The Economic Times
Shriram Finance shares up 0.79% as Nifty gains
A total of 1,904 shares changed hands on the counter till 12:17PM (IST).
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Mon, Aug 26, 2024
Business Standard
CCI approves Rs 4,630 cr deal between Warburg Pincus, Shriram Housing
The Competition Commission of India (CCI) on Tuesday approved the proposed Rs 4,630-crore deal, wherein private equity major Warburg Pincus will acquire Shriram Finance's arm Shriram Housing Finance. "The proposed combination envisages inter alia the acquisition of shareholding in Shriram Housing Finance Ltd by Mango Crest Investment Ltd," CCI said in a release. Mango Crest Investment Ltd undertakes investment holding activities. It is an affiliate of US-based Warburg Pincus. Shriram Housing Finance Ltd is a housing finance company registered with the National Housing Bank. In May this year, financial services firm Shriram Finance announced the sale of its housing finance arm to private equity major Warburg Pincus for Rs 4,630 crore to focus on the vehicle finance and small business lending. Under the deal, SHF will be acquired by Warburg Pincus through its affiliate Mango Crest Investment Ltd from all the sellers. The proposed transaction is valued at Rs 4,630 crore for equity a
The Economic Times
Shriram Properties appoints Ravindra Kumar Pandey as Chief Financial Officer
Shriram Properties Ltd announced Ravindra Kumar Pandey as the new CFO from August 14, 2024, succeeding Gopalakrishnan J, now the Group CEO. Additionally, Rajesh Shirwatkar has been promoted to deputy CFO. Pandey brings over 18 years of experience in real estate finance while Shirwatkar has over 27 years in accounting and taxation.
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Thu, Aug 15, 2024
The Economic Times
Shriram Finance in talks with climate-based funds to raise capital for EV financing
Shriram Finance has started talks with climate-focused private equity funds to raise capital for electric vehicle lending. Though EVs represent a small part of its portfolio, this share is expected to increase. The company recently exited housing finance and could achieve a Rs 5000 crore EV lending portfolio in the next two to three years.
The Economic Times
Kotak Mahindra Bank, Shriram Finance among 5 stocks with short buildup
A short buildup occurs when there is an increase in open interest and trading volumes coupled with a decline in the price of the underlying stock in the Futures and Options segment.
The Economic Times
Shriram Finance shares gain 1.47% as Sensex rises
A total of 6,477 shares changed hands on the counter till 10:30AM (IST)
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Mon, Jul 15, 2024
The Economic Times
Stressed logistics firms are turning to used trucks to cut costs
The used truck market has seen price hikes, with Shriram Mobility Bulletin reporting a 38% rise in the 1.5 to 2 tonne segment, 22% in 2 to 3.5, and 21% in 3.5 to 7.5 tonne. Ashutosh Pandey cites logistical stress and rising new vehicle prices. Shriram Finance notes 25-30% increases due to subdued sales, forecasting strength in the pre-owned segment.
Business Line
Stock to buy today: Shriram Finance (₹2,805.3)
The price started to moderate on the back of the resistance at ₹3,000
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Tue, Jul 9, 2024
The Economic Times
F&O stocks: Shriram Finance, Balkrishna Industries among 5 stocks with long buildup
In Tuesday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.