Bajaj Finance is making headlines this earnings season, captivating investors with its remarkable stock performance and exciting upcoming announcements. Recently, shares of India’s largest non-banking financial company (NBFC) soared 3.6%, reaching an all-time high of Rs 9,660 per share, just ahead of a pivotal board meeting set for April 29. This meeting is anticipated to unveil significant developments that could influence the company’s trajectory.

April 29: A Key Date for Shareholders

In a recent regulatory announcement, Bajaj Finance disclosed that its board will convene on April 29, 2025, to deliberate on several critical proposals. Among these are:

• A special interim dividend for the current financial year
• A stock split of its equity shares with a nominal value of Rs 2
• A bonus issue of equity shares

These propositions, if greenlit, will require approval from shareholders and necessary regulatory bodies.

Historical Context of Bonus Issues

It’s worth noting that Bajaj Finance last executed a bonus issue in September 2016, distributing shares at a 1:1 ratio. Additionally, the company paid out a final dividend of Rs 36 per share in June 2024, illustrating its commitment to rewarding investors.

Bajaj Finance Stock Performance: A Steady Ascent

The stock performance of Bajaj Finance has been nothing short of impressive. Over the last five days, shares have increased by approximately 4.5%. In the past month, the stock has climbed by 3%. A broader view reveals a remarkable 33% increase over the last six months and a 28% rise over the past year. Year-to-date, Bajaj Finance has delivered an astonishing 35% return, showcasing its resilience and potential for growth.

Current Market Standing

Bajaj Finance currently boasts a market capitalization of Rs 5.81 lakh crore. The recent peak of Rs 9,660 marks a significant milestone, especially when compared to its 52-week low of Rs 6,375.70.

Investors are keenly watching the developments around the upcoming board meeting, as the potential for dividends, stock splits, and bonus shares could significantly impact the company’s future and market position. With a strong track record and promising outlook, Bajaj Finance continues to be a standout player in the financial sector.