Shriram Asset Management Shows Mixed Technical Trends Amid Strong Historical Performance

Shriram Asset Management Co, a microcap player in the Finance/NBFC sector, has recently undergone an evaluation revision reflecting its current market dynamics. The company's stock is currently priced at 398.30, showing a notable increase from the previous close of 381.00. Over the past year, Shriram AMC has demonstrated significant resilience, with a return of 62.60%, outperforming the Sensex, which recorded a return of 1.47% in the same period.
In terms of technical indicators, the weekly MACD remains bearish, while the monthly outlook shows a mildly bearish trend. The Relative Strength Index (RSI) indicates no signal for both weekly and monthly assessments. Bollinger Bands present a mildly bearish stance on a weekly basis, contrasting with a bullish monthly perspective. Daily moving averages reflect a bearish trend, while the KST shows a bearish weekly outlook but a bullish monthly trend.

The company's performance over various time frames highlights its strong historical returns, particularly over the last five years, where it achieved a remarkable 420.65% return compared to the Sensex's 116.48%. This performance underscores Shriram AMC's ability to navigate market fluctuations effectively.