Up 45% in 1 year, down 7% YTD: Is this multibagger NBFC stock a buying opportunity now?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Shriram Finance shares rose 45% in one year but fell 7% this year.
- ✓Motilal Oswal said, "Near-term macro volatility could delay the pace of earnings improvement, but does not alter the medium-term earnings framework." The stock hit a 52-week high on 6 August, and many investors now watch for reversal signs.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Even as Nifty 50 is down almost 10% over the last one year, some of its components have surged up to 45% in this period- one of them is a multibagger NBGC stock that has seen profit booking this year, raising questions if it is a stock to buy now at the current juncture.
The stock we are discussing is Shriram Finance - the heavyweight non-banking financial company (NBFC) stock, with a market capitalisation of ₹2,22,363 crore on the NSE as of 2 October.
On a monthly scale, the stock shed 11.5% in September, snapping its five-month winning streak.
On longer timeframes of three and five years, the stock has surged 146% and 265%, respectively, delivering multibagger returns on the NSE.
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