Shares of Bajaj Finance soared 4 per cent to hit a 52-week high on Friday after the NBFC announced the record date as June 16, 2025, for 1:2 stock split and 4:1 bonus issue.
The board approved sub-division of one equity share of face value of ₹2 each fully paid-up into two equity shares of face value of ₹1 each fully paid-up; and issuance of bonus equity shares in the ratio of 4:1 i.e., four bonus equity shares of face value ₹1 each for every equity share of face value ₹1 each fully paid up.
The stock traded 2.70 per cent positive on the BSE at ₹9,626 as at 2.47 pm, hitting a 52-week high of ₹9,785.90.
In addition, banking and NBFCs have gained momentum in recent trading sessions after RBI’s bumper monetary policy announcements.
Axis Securities has maintained buy on Bajaj Finance at a target price of ₹10,500. The brokerage expects the company to deliver a consistent AUM growth of 25 per cent CAGR over FY25-27E while prioritising asset quality. “This growth will be driven by a steady growth in customer acquisitions, strengthening the crosssell franchise and strong growth visibility across segments,” it said.