Business & Finance
Shriram Finance Shares Surge 5.77% on NSE Amid US Election‑Driven Market Rally
Shriram Finance Limited rose 5.77 percent on the National Stock Exchange on Thursday afternoon, reaching an intraday high of ₹967.00. The NBFC heavyweight traded at ₹961.20 by 12:29 pm, up ₹52.45 from its previous close of ₹908.75, after opening at ₹940.00. A total of 67.79 lakh shares were traded, with a traded value of ₹650.54 crore and a volume‑weighted average price of ₹959.59. Sell orders accounted for 63.28 percent of the pending quantity, compared with 36.72 percent on the buy side. The company’s market capitalisation was approximately ₹2,26,249 crore. The rally followed a Democrat sweep of both chambers of the U.S. Congress, which analysts say has improved risk sentiment in emerging markets. Vinit Bolinjkar, Head of Research at Ventura Securities, noted that softer U.S. yields and a weakening dollar could support foreign portfolio flows into Indian equities. Over the past year, Shriram Finance has outperformed the benchmark Nifty 50, delivering 20.56 percent returns versus the index’s –4.56 percent, and 138.46 percent over three years. The stock remains well below its 52‑week high of ₹1,153.70, reached on August 6, 2026.
Frequently asked questions
What was Shriram Finance's intraday high on Thursday?
₹967.00.
How much did the stock price increase from its previous close?
₹52.45, a 5.77% rise.
How did Shriram Finance perform compared to the Nifty 50 over the past year?
It delivered 20.56% returns versus the index’s –4.56%.