Midcap NBFC Stock Recommends Final Dividend Of Rs 20/Share, Shares Falls 5.19%

Midcap NBFC, Shriram Finance Ltd. in its Board Meeting held on April 27, 2018, recommended a final dividend of Rs. 20 per share of face value of Rs. 10 each for the financial year 2022-23. The shares of the company fell 5.19% on Friday, a day after the company released its Q4FY23 ended in March 2023.

Shriram Finance Recommends a Final Dividend Of Rs 20 per share

"Recommended a final dividend of Rs.20/- per share of face value of Rs.10/- each fully paid-up (i.e. 200%) for the financial year ended March 31, 2023. This is in addition to the Interim Dividend of Rs.15/- per equity share already paid on January 13, 2023," Shriram Finance said in an exchange filing.

Stock Outlook- Returns, Market Price, 52-Week High/Low, Market Cap

The last traded share price of Shriram Finance is Rs. 1,332.60 apiece, down 5.19% from its previous close. The stock recorded its 52-week high on 25 July 2022 at Rs. 1509 apiece and 52 week low on 12 May 2022 at Rs 1,047.10 apiece, respectively. It has a market capitalisation of Rs 49,896.18 crore.

It declined 1.93% in 1 week and gained 8.7% in 1 month. It gained 16.71% in 1 year and 91.66% in 3 years, respectively. It declined 18.11% in 5 years.

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