The process of presenting the results of the December quarter by the companies has intensified. Many big companies have presented their results so far. Many companies are going to release their results next week, out of which some companies have informed the stock market that they can make many other announcements along with the results. After the market closed on Friday, Shriram Finance, included in the Nifty 50 index, told the stock market that its board meeting is going to be held next week in which along with the results, the proposal regarding dividend and raising funds will also be considered. There was a sharp decline in the stock in Friday's trading and the stock closed down by about 4 percent.

What information did the company give?  

In the information sent to the stock market, the company said that their board meeting is to be held on Friday, January 24, in which the results of the company will be presented and on approval, the second interim dividend for the financial year 2024-25 will be announced. The company has given dividend twice in the last one year. In February 2024, the company has given a dividend of Rs 10 and in July 2024, the company has given a dividend of Rs 15. Along with this, the company informed that the plan to raise funds will also be considered in this board meeting. In which the board will also consider the resource mobilization plan by issuing debt securities on a private placement basis or through a public issue in one or more times or by any other means of raising funds from the onshore or offshore market to meet the objectives related to the business of the company. How was the performance of the stock? In Friday's trading, the stock closed at 526.1 with a decline of 3.8 percent. The stock's highest level of the year is 730, which was recorded on 27 September 2024. At the same time, the lowest level of the year is 439, which was recorded on 4 June 2024. A year ago, the stock was close to the level of 450.