Shriram Finance: Shriram Finance will give dividend of Rs 22, stock jumped 5.5%, brokerage firm gave BUY rating:

Shriram Finance: Shriram Finance will give dividend of Rs 22, stock jumped 5.5%, brokerage firm gave BUY rating

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Desk 2024-10-29 00:48:00

Shriram Finance Dividend Record Date: Brokerage houses are positive about Shriram Finance shares. Actually, the company's second-quarter results of FY25 have been excellent. The company's profit has increased by 18.3%. Shriram Finance has also announced an interim dividend of Rs 22 on every equity share with a face value of Rs 10 for the financial year 2024-25. The company has announced Thursday, 07 November 2024 as the record date for the payment of interim dividend.

Shriram Finance will do a stock split.

Along with the dividend, the board also announced a split in the ratio of 5:1, which means that the shareholders of the company will have 5 pieces of 1 share. The rate of the company's shares will also be divided in the same ratio.

Shares rose 5.5%

On Monday, the company's stock closed at Rs 3260 on BSE with a gain of Rs 168.60 or 5.45 percent. The stock has gained 31 percent in the last 6 months.

stock buying advice

Brokerage house Nomura has maintained its BUY rating on Shriram Finance stock with a target price of Rs 3,800, and said that the stock "remains strong. It remains Nomura's Pick".

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