Shriram Finance Stock Price: Shares of leading NBFC Shriram Finance saw a fall of up to 80 percent on many trading apps. But in reality the stock has not fallen so much. Actually, the company’s shares had traded ex-split in the ratio of 5:1 on January 10, 2025. That is, on this day one share of Shriram Finance with face value of Rs 10 was broken into 5 shares of face value of Rs 2.
It is estimated that the price of the company’s shares was not adjusted after the stock split on some trading apps, due to which the opening price of the stock on Friday showed a decline of up to 80 percent from Thursday’s closing price. According to BSE data, after price adjustment, the closing price of the share for Thursday, January 9 has become Rs 562.55. On Friday, January 10, the stock opened at Rs 569.95 on the BSE and then closed at Rs 531.90, down 5.4 per cent from its previous closing price.
Shriram Finance’s shares split for the first time
Shriram Finance has done stock split for the first time. It was announced on 25 October 2024 and the record date was 10 January 2025. The market cap of the company is Rs 1 lakh crore. After price adjustment, the stock now has a 52-week high of Rs 730.43 and a 52-week low of Rs 438.83 on BSE.
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Shares strengthened by 23 percent in one year
BSE data is now showing a rise of 23 percent in one year and 99 percent in 2 years. Promoters held 25.40 percent stake in Shriram Finance till the end of September 2024. After the price adjustment, there has also been a change in the upper circuit and lower circuit levels of the stock. Now the new upper price band is Rs 585.05 and lower price band is Rs 478.75.
According to the data available on BSE, the company’s standalone revenue in the July-September 2024 quarter was Rs 10,089.54 crore. Meanwhile, standalone net profit was recorded at Rs 2,071.26 crore.