Record Date Announced For 5:1 Stock Split: Low PE Multibagger Stock From NBFC Industry Jumps Over 5 Per Cent With Volume Spurt
The stock is up over 50 per cent from its 52-week low of Rs 2,040.55 per share and gave multibagger returns of 155 per cent in 3 years.
On Thursday, shares of Shriram Finance Limited gained 5.16 per cent to Rs 3,067.40 per share from its previous closing of Rs 2,916.75 per share with a 2.60 times spurt in volume on BSE. The stock’s 52-week high is Rs 3,652.15 per share and its 52-week low is Rs 2,040.55 per share
Shriram Finance Ltd has proposed a sub-division of its equity shares from a face value of Rs 10 to Rs 2, subject to shareholder approval through a postal ballot. The record date for this sub-division is fixed as Friday, January 10, 2025
Shriram Finance Ltd is a part of the SHRIRAM Group conglomerate which has a significant presence in the financing business. STFC is engaged in the business of commercial vehicle financing mainly focusing on trucks from preowned to new ones. It's a Deposit-taking NBFC comprising 1,758 branches, 831 rural centres and partnerships with 500 private financiers. In Q2FY25 results, the company reported a total revenue of Rs 10,096.7 crore and a net profit of Rs 2,027.3 crore while in its H1FY25 results, the company reported a total revenue of Rs 19,693.8 crore and a net profit of Rs 4,051.9 crore
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The company has a market cap of over Rs 1 lakh crore with a PE ratio of 17x whereas the industry PE ratio is 25x. The stock is up over 50 per cent from its 52-week low of Rs 2,040.55 per share and gave multibagger returns of 155 per cent in 3 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.