Bajaj Finance Stock Split, Dividend, Bonus Issue Plan: Shares Resume Record Run After A Single-day Pause

Shares of Bajaj Finance deed a grounds precocious connected Thursday aft nan NBFC said its committee of board would meet connected 29 April 2025, to see a scope of cardinal proposals, including an interim dividend, banal split, and prize stock issue, successful summation to nan March 4th and fiscal earnings.

Bajaj Finance banal scaled a caller grounds precocious of Rs 9709.75 successful early deals against nan erstwhile adjacent of Rs 9326.25 connected  BSE. On April 22, nan banal deed a grounds precocious of Rs 9391.15 connected BSE. However, it could touch a precocious of Rs 9,340 connected April 23. 

Total 0.74 lakh shares of nan patient changed hands amounting to a turnover of Rs 69.36 crore connected Thursday. The banal has gained 26.62% successful a twelvemonth and risen 57% successful 2 years. 

Bajaj Finance's comparative spot scale (RSI) stands astatine 65.8, which signals nan banal is neither oversold nor overbought connected charts. A level beneath 30 is defined arsenic oversold while a worth supra 70 is considered overbought. 

The banal is trading higher than nan 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 time and 200 time moving averages.

Bajaj Finance banal has a one-year beta of 1.1, indicating precocious volatility during nan period. 

"We hereby pass that additionally, nan Board  of Directors of nan Company, astatine their gathering scheduled connected 29 April 2025, will consider, inter-alia, nan following:

1. Special (Interim) Dividend for Financial Year 2024-25.

2. Subject to support of shareholders:

a. Proposal of sub-division/ divided of existing equity shares having look worth of Rs. 2/- each, successful accordance pinch nan applicable provisions of nan Companies Act, 2013 (including nan rules framed thereunder) and SEBI Listing Regulations, 2015; and

b. Proposal for rumor of prize shares, successful accordance pinch nan applicable provisions of nan Companies Act, 2013 (including nan rules framed thereunder), and nan Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018," said nan patient connected Thursday.

Published on: Apr 24, 2025 1:16 PM IST