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4w ago

Bajaj Finance Sets June 16 Record Date for Stock Split and Bonus Shares, Shares Jump 3.6%

The move aims to broaden equity ownership as part of a strategy to reinforce investor returns

Bajaj Finance shares focus as NBFC announce record date for stock split, bonus

Overview

  • Bajaj Finance’s board approved a 1:2 stock split and a 4:1 bonus issue on April 29, naming June 16 as the record date for both actions.
  • Under the corporate action, each Rs 2 share will be divided into two Rs 1 shares and investors will receive four bonus shares for each share held.
  • In Q4 FY25, consolidated net profit rose 19% year-on-year to Rs 4,545.6 crore while assets under management grew 26% to Rs 4.17 lakh crore.
  • The share price climbed 3.61% on the record date announcement and has gained 36.46% over the past 12 months.
  • Analysts remain upbeat, with 22 of 39 maintaining buy ratings; Axis Securities projects 25–26% medium-term CAGR in AUM, NII and earnings, and BNP Paribas raised its target to Rs 11,120 while retaining a neutral stance.