Shriram Finance Ltd., a major player in the NBFC (Non-Banking Financial Company) sector, closed at ₹683.55 on the BSE today, marking a strong 5.16% single-day gain. With an intraday high of ₹685 and low of ₹645, the stock continued its upward momentum, nearing its 52-week high of ₹730.43.
📊 Short-Term Strength, Long-Term Dominance
Shriram Finance has shown remarkable resilience and consistent performance over various time frames:
- 1 Week: +6.57%
- 1 Month: +9.47%
- 3 Months: +5.79%
- 6 Months: +9.07%
- 1 Year: +37.66%
- 3 Years: +187.43%
- 5 Years: +453.5%
This puts the stock among the top-performing financial services firms in India over the long term.
🔍 Technical Snapshot
- Daily Pivot Level: ₹648.70
- Resistance: R1 ₹651.10, R2 ₹654.35, R3 ₹656.75
- Support: S1 ₹645.45, S2 ₹643.05, S3 ₹639.80
The stock is currently trading above all key short-term and long-term moving averages, a strong signal of bullish sentiment:
| Time Frame | SMA | EMA |
|---|---|---|
| 5-Day | ₹645.06 | ₹647.80 |
| 20-Day | ₹649.80 | ₹649.94 |
| 50-Day | ₹653.17 | ₹643.61 |
| 100-Day | ₹612.01 | ₹630.05 |
| 200-Day | ₹623.57 | ₹606.22 |
🔄 Comparison with Bajaj Finance
While Bajaj Finance remains a dominant NBFC with consistent growth, Shriram Finance outperforms over the long term.
| Time Frame | Shriram Finance | Bajaj Finance |
|---|---|---|
| 1 Month | +9.47% | +5.78% |
| 6 Months | +9.07% | +35.69% |
| 1 Year | +37.66% | +34.42% |
| 3 Years | +187.43% | +54.58% |
| 5 Years | +453.5% | +271.14% |
Shriram Finance has clearly delivered superior returns over three and five years, making it a standout performer for long-term investors in the financial sector.
💡 Investor Insight
With strong technical support and unmatched long-term gains, Shriram Finance is gaining traction as a solid long-term bet in the NBFC space. Traders may look to key resistance levels for short-term strategies, while long-term investors can view the current levels as part of a potentially extended uptrend.