Shriram Finance's stock is witnessing a rise on Friday (18 October). The company may soon announce a big gift to its shareholders, due to which such a big rise is being seen in the stock. Actually, this company is going to hold a board meeting in the month of October itself, in which this decision will be taken.

Shriram Finance will hold a board meeting on the 25th of this month, in which it will consider the proposal of stock split. The proposal to divide 1 share into 5 will be considered before the board.

If this proposal is approved by the board, then every share of the shareholders will be divided into 5 shares. However, after the split of the shares, their face value will decrease. Currently, the face value of each share of Shriram Finance is ₹ 10.

In this board meeting, the company will also discuss two more important proposals. Its first and foremost will be the results of the second quarter of the financial year 2025 i.e. July-September quarter. After the board meeting, the company will release the results of the second quarter. Apart from this, interim dividend for the financial year 2024-25 will also be considered.

Talking about Shriram Finance stock, it saw a gain of 2.75% on Friday. This stock has shown a gain of 40% in the last 6 months and about 80% in 1 year. This stock has shown a gain of more than 62% so far this year. Shriram Finance's 52-week high is ₹3652.25 per share.