Don't miss action on this stock, which has declared a 150 per cent interim dividend!

The stock has a PE multiple of 13.34 and an ROE of 13.64 per cent.

Shriram Finance Ltd shares rose 1.83 per cent today to reach a day’s high of Rs. 1,375.85 per share, up from their previous closing price of Rs. 1351.15 per share.  

Recently the corporation declared an interim dividend of 150 per cent or Rs 15 per equity share of face value Rs.10 each, fully paid up for the Financial Year 2022-23, subject to deduction of tax at source. The corporation verified that the record date for the interim dividend pay-out is January 4, 2023. The interim dividend pay-out will be made to eligible shareholders on or after January 18, 2023, respectively.

Shriram Finance Limited is a consumer finance company. The firm provides auto, commercial vehicle, business and gold loan services. It is a deposit-taking non-bank financial institution that serves customers in India through 1,758 branches, 831 rural centers and partnerships with 500 private financiers.

Talking about the financials, Shriram Finance Ltd has a market cap of Rs 50,670 crore. The company has reported positive results in quarterly and annual financial statements. The stock has a PE multiple of 13.34 and an ROE of 13.64 per cent. The stock has increased 8.8 per cent in one month, while it has increased 10 per cent in six months. Investors should keep an eye on this stock