Latest news with #ShriramFinance
Business Upturn
a day ago
- Business
- Business Upturn
Nifty 50 top gainers this week (June 7): Eternal, Shriram Finance, Dr. Reddy's, Mahindra & Mahindra and more
Indian stock markets closed the week on a positive note, rebounding after two straight weeks of losses. A surprise policy pivot by the Reserve Bank of India (RBI) boosted investor sentiment, especially in rate-sensitive sectors such as financials and real estate. The NSE Nifty 50 index climbed 1% on Friday to close at 25,003, while the BSE Sensex surged 747 points on Friday to end at 82,189. The Nifty Bank index also gained traction, rising nearly 2% during the week to finish at 56,578. Several Nifty 50 stocks posted impressive weekly gains, with Eternal, Shriram Finance and Dr. Reddy's leading the charge. Let's take a look at the top gainers of Nifty 50 this week, as per Trendlyne data. Top Stock Gainers This Week (Ending June 7, 2025) Eternal gained 9.9% this week, closing at ₹261.9. Shriram Finance rose 7.7% , ending the week at ₹688.3. Dr. Reddy's Laboratories increased 5.6% , with a closing price of ₹1320.9. Mahindra & Mahindra advanced 4.4% , closing at ₹3106.5. Adani Ports & Special Economic Zone was up 2.7% , settling at ₹1471.7. Hindalco Industries added 2.6% , finishing the week at ₹650.2. Cipla also gained 2.6% , with a closing value of ₹1504.2. Jio Financial Services climbed 2.6% , ending at ₹294.0. Trent moved up 2.4% , closing the week at ₹5777.0. Power Grid Corporation edged higher by 2.1%, with a closing price of ₹295.8. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Dr Reddy'sEternalMahindra & MahindraShriram FinanceStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
2 days ago
- Business
- Mint
Nifty 50, Sensex end 1% higher on RBI's double bonanza, investors earn ₹3.6 lakh crore- 10 key highlights
Stock market today: Indian stocks ended with stellar gains during Friday's trading session as the RBI's double bonanza—a 50 basis point cut in the repo rate and a 100-basis point cut in the CRR—boosted expectations of improved credit demand and a recovery in domestic growth. The surprise move came just as Indian equities had lost momentum, with the Nifty retreating over the previous two weeks amid concerns over rich valuations and global trade uncertainty. Rate-sensitive stocks, led by real estate, financials, and auto, emerged as top performers, while expectations of an above-normal monsoon lifted the FMCG pack. Stock Market Today: 10 Key Highlights Here are 10 key highlights of the Indian stock market today: A deeper-than-expected repo rate cut and additional liquidity infusion through a CRR cut pushed both the Nifty 50 and Sensex higher, with each ending the session up over 1%. The Nifty 50 closed with a gain of 252 points, or 1.02%, at 25,003, while the Sensex jumped 443 points, or 1%, to close at 82,188. Today's RBI-led boost also turned the Nifty 50's weekly return to positive at 1.02% and the Sensex's to 0.91%. An across-the-board buying lifted the market capitalisation of all BSE-listed firms to ₹ 451.1 lakh crore from ₹ 447.5 lakh crore in the previous session, making investors richer by about ₹ 3.6 lakh crore in a single session. A healthy 1.5% gain in HDFC Bank shares contributed 48 points to the Nifty 50's rally of 252 points. Bajaj Finance added 25.44 points, Axis Bank contributed 23 points, while M&M and Shriram Finance added 13 and 11 points, respectively. Among the 13 sectoral indices, 12 finished in green, with the Nifty Realty index emerging as the top performer, gaining over 4.68% as investor optimism grew that a 50-basis point cut in repo rate could fuel demand for residential homes. A strong surge in banking stocks—including IDFC First Bank, AU Small Finance Bank, Axis Bank, and IndusInd Bank, pushed the Nifty Bank index to touch a fresh 52-week high of 56,584 and ended the day with a gain of 1.47%. Other sectoral indices, including Nifty Auto, Nifty FMCG, Nifty Consumer Durables, and Nifty Oil and Gas, have also gained over 0.60%. While the frontline indices ended with solid gains, mid-cap stocks outperformed large-cap stocks, with the Nifty Midcap 100 index rising 1.21%, its biggest gain since May 12, when it jumped 4.12%. Today's rally also pushed the index's weekly return to 2.4%. In addition to mid-cap counters, small-cap stocks also performed well, as the Nifty Smallcap 100 index rallied by 0.80%. The broad-based rally led 45 Nifty 50 constituents to close in the green, with financial stocks including Shriram Finance and Bajaj Finance emerging as top gainers, rallying 5.7% and 5%, respectively. Private banking counters such as Axis Bank, IndusInd Bank, and Kotak Mahindra Bank zoomed over 1.6%, while auto stocks like Eicher Motors, Hero MotoCorp, Maruti Suzuki India, and Mahindra & Mahindra jumped between 1.6% and 3%. According to exchange data, 119 stocks, including Abbott India Ltd, APL Apollo Tubes Ltd, AU Small Finance Bank Ltd, Bajaj Holdings & Investment Ltd, Bharat Electronics Ltd, HDFC Asset Management Company Ltd, HDFC Bank Ltd, Muthoot Finance Ltd, SBI Cards and Payment Services Ltd, Solar Industries India Ltd, and SRF Ltd, have recorded new 52-week highs in today's session In contrast, 36 stocks touched 52-week lows, with notable mentions like Protean eGov Technologies Ltd, Axita Cotton Ltd, Naksh Precious Metals Ltd, and Uma Exports Ltd. Rama Steel Tubes emerged as the top volume gainer today, with 237 million shares traded across both BSE and NSE. The stock ended the session up 4.5% at ₹ 13.79 apiece. The second-highest volume gainer was IDFC First Bank, with 133 million shares changing hands. Other stocks, including Jaiprakash Power, Ujjivan Small Finance, and KBC Global, also recorded over 75 million shares in trading volume today. According to NSE data, 95 stocks hit their respective upper circuit limits, ranging from 2% to 20%. Among them, 8 stocks hit the 20% price band limit, while 13 stocks reached the 10% circuit limit. Some of the stocks include TVS Electronics, which hit the 20% limit band, while Dhunseri Tea & Industries and Wealth First Portfolio Managers also fell under the same bracket.
Business Upturn
2 days ago
- Business
- Business Upturn
Nifty 50 top gainers today, June 6: Shriram Finance, Bajaj Finance, JSW Steel, Axis Bank and more
By Aman Shukla Published on June 6, 2025, 15:37 IST On June 6, Indian equity indices ended strongly following a surprise rate cut by the Reserve Bank of India (RBI). The central bank lowered the repo rate by 50 basis points and reduced the Cash Reserve Ratio (CRR) by 100 basis points, boosting market sentiment. At the close, the Sensex surged 746.95 points (0.92%) to 82,188.99, while the Nifty 50 rose 252.15 points (1.02%) to cross the 25,000 mark, settling at 25,003.05. Among the Nifty 50 stocks, several companies recorded significant gains, led by Shriram Finance, Bajaj Finance and JSW Steel. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on June 6 Shriram Finance closed at ₹687, up by 5.5%, making it the top gainer today. Bajaj Finance followed with a 4.9% increase, closing at ₹9,371.5. JSW Steel rose by 3.7%, ending the day at ₹1,004.9. Axis Bank gained 3.1%, closing at ₹1,194.6. Maruti Suzuki finished 2.8% higher at ₹12,462. IndusInd Bank recorded a 2.5% rise, closing at ₹822.9. Bajaj Finserv gained 2.4%, settling at ₹1,990. Dr. Reddy's Laboratories increased by 2.3%, ending at ₹1,319.7. Mahindra & Mahindra closed 2.1% higher at ₹3,106.5. Hero MotoCorp also gained 2.1%, finishing at ₹4,268. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Axis BankBajaj FinanceJSW SteelNiftyShriram Finance Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
4 days ago
- Business
- Mint
Shriram Finance share price snaps 2-day winning run— time to accumulate?
Snapping its two-day winning run, Shriram Finance share price closed about 1 per cent lower on Wednesday, June 4, while equity benchmarks ended with mild gains. Shriram Finance shares, after opening at ₹ 649.95 and touching an intraday high and low of ₹ 661.85 and ₹ 640, respectively, finally settled 0.96 per cent lower at ₹ 642.05 on the NSE. Equity benchmark Nifty 50 closed 0.32 per cent higher at 24,620.20. Shriram Finance's share has gained 42 per cent over the last year and 10 per cent year-to-date. It hit a 52-week low of ₹ 438.60 on June 4 and subsequently a 52-week high of ₹ 730.45 on September 27 last year. On January 10 this year, the stock was split 1:5. On October 25 last year, the company announced that its board had approved the sub-division of one fully paid equity share with a face value of ₹ 10 each into five fully paid equity shares with a face value of ₹ 2 each. The company's Q4 earnings were largely on expected lines. Its profit after tax (PAT) for Q4FY25 grew by 9.95 per cent to ₹ 2,139.39 crore against ₹ 1,945.87 crore in the corresponding quarter of the previous financial year. The net interest income (NII) for the quarter increased by 13.40 per cent to ₹ 6,051.19 crore against ₹ 5,336.06 crore in the same period of the previous financial year. The basic earnings per share increased by 9.85 per cent to ₹ 11.38 against ₹ 10.36 in Q4FY24. Total assets under management (AUM) as on 31st March, 2025 increased by 17.05 per cent to ₹ 2,63,190.27 crore compared to ₹ 2,24,861.98 crore as on 31st March, 2024 and ₹ 2,54,469.69 crores as on 31st December, 2024. The board of directors recommended a final dividend of ₹ 3 per equity share of nominal face value of ₹ 2 each for the financial year 2024-25. With this, the total dividend for the financial year 2024-25 was ₹ 9.90 per share of ₹ 2 each after adjusting for the split. Attractive valuation and healthy growth prospects make this stock a long-term bet. According to brokerage firm Motilal Oswal Financial Services, the FY26 outlook looks better for the company amid expectations of an economic revival, supported by forecasts of a favorable monsoon and higher government capex. "Favourable monsoons can lead to a higher agricultural output and stronger rural cash flows, which in turn will drive credit demand across the vehicle finance and MSME segments. These factors would improve disbursement momentum and portfolio quality in FY26," Motilal said. On the valuation front, Motilal highlighted that the stock's valuations have already re-rated from 1.4 times to 1.9 times one-year forward P/BV over the last 12 months. The brokerage firm believes the stock can see a further re-rating if the company sustains its AUM growth, improves margins and exhibits stability in its asset quality. "Shriram Finance remains our top pick in the NBFC space for calendar year 2026, driven by its diversified portfolio, strong execution and healthy return ratios. We reiterate our buy rating on the stock with a target price of ₹ 800, based on two times FY27E P/BV," said Motilal Oswal. The brokerage firm expects Shriram Finance to deliver a PAT CAGR of nearly 19 per cent over FY25-27E and RoA (return on assets) and RoE (return on equity) of 3.3 per cent and 17 peer cent, respectively, in FY27E. Technical experts also appear largely positive but they suggest waiting for a breakout above ₹ 665-680 range for initiating a buy in the stock. Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, pointed out that Shriram Finance is currently facing resistance near ₹ 665, which coincides with the R3 Camarilla monthly pivot. Shriram Finance shares techncial chart "While the overall chart structure appears constructive, we recommend waiting for a decisive daily close above ₹ 665 before initiating fresh long positions. Upon confirmation, the stock may target ₹ 700, with a stop loss placed at ₹ 640 on a daily closing basis," said Patel. According to Kunal Kamble, Senior Technical Research Analyst at Bonanza, Shriram Finance is currently trading near a falling trendline resistance on the daily timeframe. "The stock has witnessed consistent selling pressure between the ₹ 710–715 zone, indicating a lack of buyer conviction and limited upside momentum. The 20-day and 50-day EMAs remain flat, reflecting a sideways trend in the stock. Momentum indicators are also muted, with the RSI at 48.01, signalling weak bullish strength," Kamble said. "From a technical standpoint, a decisive close above ₹ 680 would be needed to confirm a breakout, post which the stock may move towards ₹ 716 and ₹ 735," said Kamble. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Business Upturn
5 days ago
- Business
- Business Upturn
Nifty 50 top gainers today, June 3: Grasim Industries, Shriram Finance, Bajaj Auto, Mahindra & Mahindra and Dr. Reddy's Laboratories
By Aman Shukla Published on June 3, 2025, 15:39 IST The Indian stock market closed in the red on Monday, June 3, as benchmark indices declined. The BSE Sensex declined by 636.24 points (0.78%) to settle at 80,737.51, while the Nifty 50 dropped 174.10 points (0.70%) to close at 24,542.50. However, amidst the broader market weakness, several Nifty 50 stocks bucked the trend and recorded impressive gains. Grasim Industries, Shriram Finance and Bajaj Auto emerged as the top gainers on the Nifty 50 index today. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on June 3 Grasim Industries Closed at ₹2556.3, up by 1.3%. Shriram Finance Closed at ₹649.0, gained 1.0%. Bajaj Auto Ended the session at ₹8569.0, a rise of 0.7%. Mahindra & Mahindra Closed at ₹3044.0, registering a 0.6% increase. Dr. Reddy's Laboratories Finished at ₹1249.0, slightly up by 0.1%. Cipla Closed at ₹1471.5, also up by 0.1%. Hindalco Industries Ended the day at ₹631.5, with a minor gain of 0.1%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bajaj AutoGrasim IndustriesMahindra & MahindraNiftyShriram Finance Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
