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Shriram Finance Ltd rose for a third straight session today. The stock is quoting at Rs 979.3, up 1.55% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 24018.3. The Sensex is at 76839.15, down 0.23%. Shriram Finance Ltd has added around 5.23% in last one month.
Meanwhile, Nifty Financial Services index of which Shriram Finance Ltd is a constituent, has added around 4.79% in last one month and is currently quoting at 25716.9, up 0.59% on the day. The volume in the stock stood at 20.67 lakh shares today, compared to the daily average of 71.61 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 982.75, up 1.59% on the day. Shriram Finance Ltd is up 53.82% in last one year as compared to a 1.62% fall in NIFTY and a 1.14% fall in the Nifty Financial Services index.
The PE of the stock is 22.69 based on TTM earnings ending March 26.
Profit before tax (PBT) stood at Rs 3,915.31 crore in Q4 FY26, marking a 41.24% rise from Rs 2,771.98 crore reported in Q4 FY25.
Net interest income (NII) for the quarter increased 15.58% to Rs 6,994.08 crore, compared with Rs 6,051.19 crore in the same period last year.
Operational metrics remained strong, with the liquidity coverage ratio improving to 323.17% as of 31 March 2026 from 286.73% a year earlier. The cost-to-income ratio stood at 25.32% in Q4 FY26, compared with 27.65% in Q4 FY25.
The company reported a return on assets (ROA) of 3.63% and a return on equity (ROE) of 19.13% for the quarter, including exceptional items.
Operating profit rose 22.83% YoY to Rs 5,325.04 crore in Q4 FY26 from Rs 4,335.27 crore in Q4 FY25.
Assets under management (AUM) increased 14.85% to Rs 3,02,273.75 crore as of 31 March 2026, compared with Rs 2,63,190.27 crore a year earlier and Rs 2,91,709.03 crore as of 31 December 2025.
On a full-year basis, the company’s standalone net profit declined 2.42% YoY to Rs 9,998.15 crore, while revenue from operations rose 15.09% to Rs 48,177.98 crore in FY26 compared to FY25.
Meanwhile, the board has recommended a final dividend of Rs 6 per share (300% on a face value of Rs 2 each) for FY26, subject to shareholder approval at the upcoming 47th Annual General Meeting. The record date for determining eligible shareholders has been fixed as 3 July 2026.
The board also approved a resource mobilisation plan for FY27, which includes raising funds through debt instruments such as non-convertible debentures (NCDs), subordinated debentures, external commercial borrowings, securitisation, and other borrowing avenues in domestic and international markets.
Further, the board approved the reappointment of Parag Sharma as Managing Director and CEO for a period of five years, from 13 December 2026 to 12 December 2031, subject to shareholder approval.
In addition, Morihiko Fuji and Shinichi Fujinami have been appointed as additional directors in the category of non-executive, non-independent directors with effect from 24 April 2026, representing MUFG Bank.
Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram Group, which has a significant presence in consumer finance, life insurance, general insurance, housing finance, stock broking, and distribution businesses.
The counter slipped 4.27% to Rs 967.55 on the BSE.
For the full year,net profit rose 4.92% to Rs 10024.16 crore in the year ended March 2026 as against Rs 9553.82 crore during the previous year ended March 2025. Sales rose 14.96% to Rs 47508.48 crore in the year ended March 2026 as against Rs 41324.84 crore during the previous year ended March 2025.
The counter rose 0.63% to end at Rs 1,016 on the BSE.
Shriram Finance Ltd rose for a fifth straight session today. The stock is quoting at Rs 1045.3, up 0.01% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.77% on the day, quoting at 24552.55. The Sensex is at 79171.6, up 0.83%. Shriram Finance Ltd has added around 19.1% in last one month.
Meanwhile, Nifty Financial Services index of which Shriram Finance Ltd is a constituent, has added around 11.9% in last one month and is currently quoting at 26537.1, up 1.03% on the day. The volume in the stock stood at 29.68 lakh shares today, compared to the daily average of 92.1 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 1044.15, up 0.02% on the day. Shriram Finance Ltd is up 48.59% in last one year as compared to a 1.59% gain in NIFTY and a 0.7% gain in the Nifty Financial Services index.
The PE of the stock is 26.95 based on TTM earnings ending December 25.
All the sectoral indices on the NSE were traded in green with realty, auto and consumer durables shares leading the rally.
At 13:25 ST, the barometer index, the S&P BSE Sensex surged 2893.81 points or 3.88% to 77,510.39. The Nifty 50 index soared 869.55 points or 3.77% to 23,993.45.
In the broader market, the BSE 150 MidCap Index surged 3.77% and the BSE 250 SmallCap Index jumped 3.85%.
The market breadth was strong. On the BSE, 3,828 shares rose and 476 shares fell. A total of 113 shares were unchanged.
In the commodities market, Brent crude for June 2026 settlement lost $14.60 or 13.36% to $94.67 a barrel.
The rupee strengthened to 92.5825 against dollar, compared with its previous close of 93.0600.
RBI MPC outcome:
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 5.25% while announcing its first policy decision for FY27 on Wednesday, April 8.
The MPC, chaired by Governor Sanjay Malhotra, unanimously voted to maintain the repo rate under the liquidity adjustment facility (LAF) at 5.25%. Accordingly, the standing deposit facility (SDF) rate remains at 5.00%, while the marginal standing facility (MSF) rate and the Bank Rate continue at 5.50%. The committee also retained its “neutral” policy stance.
The RBI warned that elevated energy and commodity prices, along with potential disruptions in the Strait of Hormuz, could weigh on growth going forward. Real GDP growth for FY27 is pegged at 6.9%, with quarterly projections at 6.8% in Q1, 6.7% in Q2, 7.0% in Q3 and 7.2% in Q4.
On the domestic front, India’s economy remained resilient in FY26, with real GDP growth revised higher to 7.6% YoY as per the Second Advance Estimates, compared to 7.4% projected earlier in the First Advance Estimates.
Inflation risks have also firmed up. CPI inflation for FY27 is projected at 4.6%, up sharply from 2.1% earlier, with upside risks stemming from elevated energy prices and potential weather disruptions such as El Niño impacting the monsoon.
The MPC minutes will be released on 22 April 2026, while the next policy meeting is scheduled from 3 June 2026 to 5 June 2026.
Short-Term Ceasefire in Middle East:
The US and Iran have reportedly entered a temporary two-week ceasefire arrangement, with Pakistan acting as mediator and Islamabad set to host follow-up talks. The deal appears to be conditional, with the Strait of Hormuz at the center of the discussions; reporting suggests Iran would allow shipping access under military coordination, while the US would pause offensive action. The media outlets describe the broader framework as a proposal under discussion rather than a concluded peace deal, and Iran’s 10-point demands — including sanctions relief, nuclear recognition, and US troop withdrawal — remain unverified as agreed terms.
Gainers & Losers:
Shriram Finance (up 10.70%), Interglobe Aviation (Indigo) (up 9.08%), Adani Enterprises (up 8.19%) and Tata Motors Passenger Vehicles (up 8.18%) were the major Nifty50 gainers.
Coal India (down 3.21%), Tech Mahindra (down 1.52%), Wirpo (down 0.55%), Nestle India (down 0.48%) and Dr Reddy’s Laboratories (down 0.41%) were the major Nifty50 losers.
Stocks in Spotlgiht:
Titan Company surged 6.20% after the company reported a robust 46% year-on-year growth across its consumer businesses in Q4 FY26. The jewellery business emerged as the standout performer, delivering around 46% YoY growth. The watches division reported about 7% YoY growthsupported by a 16% rise in analog watches, even as the smartwatches segment declined sharply by 53%. The eyewear business grew about 16% YoY.
Vidya Wires jumped 4.02% after the company’s sales jumped 57.5% to Rs 597.92 crore in Q4 FY26 compared with Rs 379.62 crore in Q4 FY25.
P N Gadgil Jewellers rose 2.66% after the company’s total revenue surged 124% to Rs 3,552 crore in Q4 FY26 compared with Rs 1,587 crore in Q4 FY25. The retail segment recorded 102% YoY growth in Q4 FY26. Franchise operations grew by 132% YoY, while E-commerce recorded a 67% YoY increase.
Dredging Corporation of India (DCIL) jumped 6.94% after the company signed a memorandum of understanding (MoU) with Colombo Dockyard PLC, marking a major milestone in strengthening maritime cooperation between India and Sri Lanka.
Biocon added 3.44% after the company’s subsidiary Biocon Pharma announced the receipt of U.S. Food and Drug Administration (US FDA) approval for Dapagliflozin Tablets.
Hyundai Motor India jumped 2.96% after the auto maker said that the company has planned to increase the prices of its cars up to 1% across the portfolio, effective May 2026.
Life Insurance Corporation of India (LIC) surged 6.70% after the company's board scheduled to meet on Monday, 13 April 2026 to consider a proposal of bonus issue.
Prestige Estates Projects zoomed 8.86% after the company’s pre-sales jumped 10% year–on-year (YoY) to Rs 7,697 crore in Q4 March 2026. On annual basis, the company’s pre-sales surged 76% YoY to Rs 30,024 crore in FY26.
Ashiana Housing jumped 2.63% after the company said that the value of the area sold in Q4 FY26 stood at Rs 1,289.70 crore, registering a growth of 124.4% compared with Rs 574.73 crore in Q4 FY25.
Global Markets:
Europe and Asia market surged after Donald Trump said he had agreed to suspend planned attacks on Iran infrastructure for two weeks.
The move was 'subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz,' POTUS wrote on a social media platform.
Iranian Foreign Minister Abbas Araghchi in a post on a social media platform, on behalf of the country’s Supreme National Security Council, said Tehran’s armed forces will 'cease their defensive operations.”
Trump noted the 2-week ceasefire was subject to Iran agreeing to a complete, immediate and safe opening of the Strait of Hormuz. Araghchi said that safe passage via Hormuz Strait will be possible via coordination with Iran’s armed forces for the next two weeks.
Overnight on Wall Street, U.S. stocks ended mixed on Tuesday amid signs of progress in negotiations as the minutes ticked down to President Donald Trump's deadline for Iran to open the Strait of Hormuz.
The Dow Jones Industrial Average (DJI), fell 85.42 points, or 0.18%, to 46,584.46, the S&P 500 (SPX), gained 5.02 points, or 0.08%, to 6,616.85 and the Nasdaq Composite (IXIC), gained 21.51 points, or 0.10%, to 22,017.85.
In the last hour of trading, all three major U.S. stock indexes recovered from steep losses earlier in the session after Pakistan's Prime Minister Shehbaz Sharif said on a social media platform that diplomatic efforts for peaceful settlement of the ongoing war in the Middle East were progressing steadily while he urged Trump to extend his Iran deadline for two weeks and requested that Iran open the Strait for the same timeframe as a goodwill gesture.