Bajaj Finance Shares Surge After Bonus Share And Stock Split Record Date Announcement

On Monday, Bajaj Finance Ltd.'s share price increased by 3.61% following the date announcement of its stock split and bonus share issue. The non-banking financial company has set June 16, 2025, as the record date for these corporate actions, which were approved by the board on April 29 alongside the Q4FY25 results.

The stock split will involve dividing one equity share of Rs 2 face value into two equity shares of Re 1 each. Additionally, the 4:1 bonus share issue means that for every share held by investors on the record date, they will receive four additional shares. This announcement was made after market hours on Friday.

In the fourth quarter, Bajaj Finance reported a 19% year-on-year increase in net profit, reaching Rs 4,546 crore. This growth was driven by strong loan growth, improved margins, and stable asset quality. The net interest income for the quarter rose by 22% year-on-year to Rs 9,807 crore, up from Rs 8,013 crore in the same period last year.

The scrip rose as much as 3.63% to Rs 9,712 apiece. It pared gains to trade 3.22% higher at Rs 9,673 apiece, as of 10:28 a.m. This compares to a 0.47% advance in the NSE Nifty 50 Index.

It has risen 36.46% in the last 12 months. Total traded volume so far in the day stood at 2.7 times its 30-day average. The relative strength index was at 66.

Out of 39 analysts tracking the company, 22 maintain a 'buy' rating, 12 recommend a 'hold,' and five suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 2.1%