Bajaj Finserv surges 8% ahead of board meet for bonus, stock split

Shares of Bajaj Finserv surged 8 per cent to Rs 14,390 on the BSE in Thursday’s intra-day trade ahead of board meeting today to consider a proposal for the sub-division of equity shares of the company and/or issue of fully-paid bonus equity shares. The board will also consider the unaudited financial results for the quarter ending 30 June 2022 (Q1FY23).

In the past three trading sessions, the stock has gained 14 per cent after the company on Tuesday, July 26, announced its plan for stock split/bonus issue. Bajaj Finserv said that the board will meet on July 28, to consider sub-division of equity shares of the company of face value of Rs 5, and/or issue of fully-paid bonus equity