Triple Bonanza! Board To Mull Bonus Shares, Stock Split and Dividend: Bajaj Group-Multibagger Stock Hits All-Time High with Heavy Volume
The stock is up by 52.3 per cent from its 52-week low of Rs 6,376.55 per share and has given multibagger returns of over 2,100 per cent in 10 years
Today, the stock market was trading in red with the BSE Sensex Index and the NSE Nifty-50 Index down over 0.3 per cent each. Today's trading session saw one stock from the Sensex and the Nifty-50 index take centre stage. The stock began the day with positive momentum, climbing over 4 per cent to establish a new 52-week peak and an all-time high of Rs 9,709.75, a notable increase from its prior closing price of Rs 9,326.25. The shares of the company saw a spurt in volume by more than 1.6 times on the BSE.
Before revealing the stock's name, let's understand why it's in focus!
The Board of Directors of the Company, at their meeting scheduled on 29 April 2025, will consider, inter alia, the following:
- Special (Interim) dividend for Financial Year 2024-25.
- Subject to approval of shareholders:
- Proposal of sub-division/ stock split of existing equity shares having a face value of Rs 2 each, under the applicable provisions of the Companies Act, 2013 (including the rules framed thereunder) and SEBI Listing Regulations, 2015; and
- Proposal for issue of bonus shares, under the applicable provisions of the Companies Act, 2013 (including the rules framed thereunder), and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
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The trending stock name is BAJAJ FINANCE LTD
Bajaj Finance Ltd., established in 1987, has evolved from a vehicle financing company to become one of India's largest and most diversified Non-Banking Financial Companies (NBFC). Primarily engaged in lending, Bajaj Finance boasts a widespread presence across urban and rural India, catering to retail, SME, and commercial customers through a diversified portfolio. Beyond lending, the company also accepts public and corporate deposits and provides a variety of financial services.
As of Q3FY24, Bajaj Finance has a significant footprint with 1,538 locations and over 134,700 active distribution points of sale, holding the position of the largest lender for consumer electronics, digital products, and lifestyle products in India, disbursing 376,600 two-wheeler loans and 59,200 three-wheeler loans in the same quarter. The company has a market cap of over Rs 5.8 lakh crore with a PE of 36x and an ROE of 22 per cent. The stock is up by 52.3 per cent from its 52-week low of Rs 6,376.55 per share and has given multibagger returns of over 2,100 per cent in 10 years. Investors should keep an eye on this Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.