Shriram Finance share price ends nearly flat at ₹979 on September 16

Key Takeaways

• Shriram Finance slipped ₹0.80 or 0.08% to ₹979, with the closing price matching its opening level. 
• The share remained above the 200-day DMA but below the 50-day and 100-day moving averages. 
• One-year return stood at 56.98%, a sharp contrast with negative one-month, three-month and six-month readings. 

Shriram Finance share price closed September 16 at ₹979, down ₹0.80 or 0.08%. The previous close was displayed at ₹980. The stock also opened at ₹979, climbed to ₹990 and fell to ₹973 before returning exactly to its opening level by the close. 

The day's range measured ₹17. Shriram Finance finished ₹6 above the low and ₹11 below the high. Volume reached 7,683,656 shares. Despite that sizeable turnover, the final price changed by less than one rupee from the previous close. 

Its position against moving averages was divided. The 50-day DMA stood at ₹1,058.50, leaving the closing price ₹79.50 lower. The 100-day DMA was ₹1,032.80, a difference of ₹53.80. Shriram Finance remained above its 200-day DMA of ₹971.80 by ₹7.20. 

The 52-week range extended from ₹603 to ₹1,154. At ₹979, the stock was ₹376 above the annual low and ₹175 below the high. The latest close was therefore considerably closer to the upper endpoint in absolute rupee terms. The complete annual band measured ₹551. 

The return figures showed one of the widest contrasts in this batch. One month stood at -12.75% and three months at -2.16%. Six months was -2.45%. The one-year return, however, reached 56.98%. The difference between the six-month and one-year readings was 59.43 percentage points. 

September 16 itself was almost flat. The share travelled ₹17 from low to high but ended where it opened and only ₹0.80 below the previous close. It sat slightly above the 200-day moving average but remained below the two shorter DMAs. That muted session movement was very different from the large positive one-year return and negative one-month result.