Shriram Asset Management Shows Mixed Technical Trends Amidst Market Resilience

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 price is currently at 392.00, showing a notable increase from the previous close of 361.00. Over the past year, Shriram AMC has demonstrated significant resilience, with a return of 63.23%, contrasting sharply with the Sensex's modest gain of 0.29% during 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, while the monthly perspective is bullish. Moving averages reflect a bearish trend on a daily basis, and the KST shows a mildly bearish trend weekly, with a bullish outlook monthly.

The company's performance over various time frames highlights its volatility, with a year-to-date return of -31.83% compared to the Sensex's -4.87%. However, over a three-year and five-year horizon, Shriram AMC has outperformed the Sensex significantly, with returns of 193.41% and 321.51%, respectively. This performance underscores the company's ability to navigate market fluctuations effectively.