Shares of Shriram Finance have tumbled nearly 15 per cent in the last 2 sessions after the company reported a muted set of performance in the March 2025 quarter, missing the street’s estimates. Brokeragefirms have cut their estimates and target prices, with some analysts downgrading the stock. However, majority of them remain positive on the stock.
Shriram Finance shares
Shriram Finance shares: Why is the NBFC stock down 80% on few trading apps today?
In a surprise to many investors, shares of Shriram Finance Ltd, which settled at Rs 2,828.95 apiece in the previous trading session on Thursday, opened at Rs 569.95 on Friday, indicating about a 80 per cent fall in its price. However, the non-banking finance player was due for a stock split on Friday, January 10.