Bajaj Finance is stealing the spotlight this earnings season, not just for its performance, but for what is coming next. Today, the stock of India’s largest NBFC surged 3.6% to hit a lifetime high of Rs 9,660 per share, just days ahead of its board meeting scheduled for April 29, where several key announcements are expected.
April 29: A big day for investors
In a regulatory filing, Bajaj Finance said its board will meet on April 29, 2025, to consider three major proposals which include a special interim dividend for the current financial year, a stock split of its equity shares with a face value of Rs 2, and a bonus issue of equity shares
Each of these proposals, if approved, will be subject to shareholder nod and regulatory clearances.
The company last offered a bonus issue way back in September 2016 in a 1:1 ratio and paid a final dividend of Rs 36 per share in June 2024.
Bajaj Finance stock performance: A strong climb
Share price of Bajaj Finance has been on a winning streak. In the last five days, the share price has gained nearly 4.5%. Over the past one month, it rose by 3%. On a six-month basis, the rally is more pronounced, with a 33% surge, and over the last one year, the stock has jumped 28%. Year-to-date (YTD), Bajaj Finance has delivered a whopping 35% return.
The company currently commands a market capitalisation Rs 5.81 lakh crore. The new 52-week high of Rs 9,660 and the 52-week low is Rs 6,375.70.