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Shriram Finance gains nearly 6% as financial stocks rally after US election outcome

Reported by: BusinessLine ·

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Shriram Finance

Summary

BusinessLine reported that Shriram Finance shares rose nearly 6% as financial stocks rallied after the US election outcome. The outlet said trading volume in the stock reached 67.79 lakh shares, and its market capitalisation stood at ₹2.26 lakh crore. Market capitalisation is the total value of a company's shares on the exchange, found by multiplying the share price by the number of shares. Volume is the number of shares traded during the session. Shriram Finance is a non-banking financial company, or NBFC, meaning it lends money but does not hold a bank licence. The report links the move to a rally across financial stocks after the US election result, and gives no other reason for the gain.

AI summary of what BusinessLine reported. AI can make mistakes. Read the full story on BusinessLine

Learn: What is market capitalisation?

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BusinessLine  · · Tone +2

Shriram Finance gains nearly 6% as financial stocks rally after US election outcome

The NBFC heavyweight recorded strong trading activity, with volumes reaching 67.79 lakh shares and its market capitalisation standing at ₹2.26 lakh crore

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  • market capitalisation

    Market capitalisation (market cap) is the total value the stock market puts on a company. Learn how it is calculated and what large, mid and small cap mean.

    Learn: What is market capitalisation?

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