Shriram Finance Stock Split: Leading NBFC Shriram Finance is going to do stock split in the ratio of 5:1. Under this, one share of the company with face value of Rs 10 will be divided into 5 shares of face value of Rs 2. The record date for the stock split is January 10, 2025. The company is doing stock split for the first time. It was announced on 25 October 2024. Shares of Shriram Finance closed at Rs 3047.55 on BSE on Friday, January 3.
The market cap of the company is more than Rs 1 lakh crore. Shriram Finance shares had seen a 52-week high of Rs 3,652.15 on BSE on September 27, 2024. Whereas the 52-week low of Rs 2,092.45 was created on January 4, 2024.
Shriram Finance strengthened by 46 percent in one year
According to BSE, the stock has risen 46 percent in one year and 125 percent in 2 years. At the same time, it has seen 5 percent strength in one week. Promoters held 25.40 percent stake in Shriram Finance till the end of September 2024. The upper price band is Rs 3,352.30 and the lower price band is Rs 2,742.80.
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According to the data available on BSE, the standalone revenue of the company in the July-September 2024 quarter was Rs 10,089.54 crore. Meanwhile, standalone net profit was recorded at Rs 2,071.26 crore. Standalone revenue for the entire financial year 2024 was Rs 34,964.41 crore and net profit was Rs 7,190.48 crore.
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