Stock to watch: This NBFC has touched Rs 33,000 crore AUM

Shares of this company surged more than 10 per cent in last 3 months.

Shriram Finance’s Assets Under Management (AUM) in the states of Andhra Pradesh (AP) and Telangana (TG) combined touched Rs 33,000 crore. Recovery in the economy, growing rural economy and an increase in infrastructure activity has all contributed to the growth. The need for commercial vehicle lending, MSME financing, and two-wheeler financing has increased as a result. Through its 498 branches and more over 10,000 staff in the states of AP & TG, the firm serves the varied financial needs of 13,50,000 consumers.

Over 46,000 depositors make up the company's sizable fixed deposit franchise in AP & TG, which has a value of over Rs 2930 crore. Driving the self-employed and the MSME economy will be a key component of the company's growth plan.

Today, the stock opened at Rs 1285.05 and made a high and low of Rs 1323.55 and 1285.05. The stock previously closed at Rs 1339.00. Today, the stock closed trading at Rs 1300.90 down by 2.85 per cent.

In the last 6 months, the shares of the company have given 4.11 per cent returns and on a YTD basis, the stock has given 3.65 per cent return.

The stock has a 52-week high of Rs 1509.25 and a 52-week low of 1002.50. The company has a ROCE of 11.4 per cent and an ROE of 9.90 per cent. It has a market capitalisation of Rs 35,191 crore.