&w=3840&q=100)
Bajaj Finance up 4%, hits new high on fixing record date for split, bonus
Share price Bajaj Finance today: Shares of Bajaj Finance gained 4.4 per cent to hit a record high of ₹9,785.9 per share on the BSE in Monday's intraday trade, backed by heavy volumes, after the company fixed June 16, 2025 as the 'Record Date' for the purpose of stock split and bonus shares.
The stock price of the non-banking finance company quoted higher for the second straight day, surging over 9 per cent during the period. With this, Bajaj Finance share price has surpassed its previous all-time high level of ₹9,709.75, which it touched on April 24, 2025. In the past one month, Bajaj Finance has outperformed the market by soaring 11 per cent, as compared to 3.9 per cent rise in the BSE Sensex. Thus far in the calendar year 2025, the stock rallied 38 per cent, as against 5 per cent gain in the benchmark index. Follow Stock Market Latest Updates Today LIVE
Bajaj Finance fixes June 16, 2025 as record date for stock split, bonus shares
Bajaj Finance informed the stock exchanges, after market hours on Friday, June 6, that the company fixed Monday, June 16, 2025 as the 'Record Date' for the purpose of determining the members eligible for the sub-division of existing equity shares and issue of bonus equity shares of the company. The board of directors of Bajaj Finance in its board meeting held on April 29, 2025, recommended sub-division of 1 (one) equity share of face value of ₹ 2 each fully paid-up into 2 (two) equity shares of face value of Re 1 each fully paid-up; and issue of bonus equity shares in the ratio of 4:1 i.e., 4 (four) bonus equity shares of Re 1 each for every 1 (one) equity share of Re 1 each fully paid up. The corporate actions are proposed to enable retail shareholders to partake in the company's future, Bajaj Finance said. ALSO READ |
Brokerage views on Bajaj Finance
Bajaj Finance continues to derive benefits from a diverse loan portfolio, wide distribution network, effective execution and a strong management team. Bajaj Finance has significantly strengthened its technology, digital platforms and product offerings. The management expects a 24-25 per cent asset under management (AUM) growth driven by existing and new businesses, along with stable margin, and peaking out stress. It is a leading player in the NBFC space which is expected to benefit from policy tailwinds in the short term and a strong portfolio with a wide network in the medium to long term, according to Mirae Asset Sharekhan. Analyst at Axis Securities expect Bajaj Finance to deliver a strong AUM/NII/Earnings growth of 25/26/25 per cent compounded annual growth rate (CAGR) over the medium term, driven by Steady-to-marginally improving NIMs, Operating leverage driving cost ratio improvement, and (iii) Positive outlook on asset quality, keeping credit costs under control. The brokerage firm expects Bajaj Finance to deliver a RoA/RoE of 4.5-4.6 per cent/19-21 per cent, broadly in-line with the management's long-term guidance.
About Bajaj Finance
Bajaj Finance is one of India's largest and well-diversified NBFCs. The company provides loans for two wheelers, consumer durables, housing, SME & MSME businesses etc. Bajaj Finance undertook business and organizational restructuring in FY2008 and re-defined small business loans and consumer financing as its key niches. Bajaj Finance has an AUM of ~₹ 4.16 trillion as of March 2025, serves more than 97.12 million clients and offers a wide range of lending services to retail, SME and commercial customers across urban and rural India. Bajaj Finance continues to be the largest consumer durables lender in India. As a business entity, Bajaj Finance continues to deliver steady performance and superior asset-quality performance.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Shares of Eternal, Swiggy drop as Rapido undercuts food delivery commission
Shares of Zomato parent Eternal and its rival Swiggy dropped as much as 2.5% and 4% on Monday following an ET report that Rapido is planning to launch its food delivery services this month by charging significantly lower commissions to restaurants than the two large players. Eternal shares closed 1.9% lower on the BSE at Rs 256.99 per share, after hitting an intraday low of Rs 255.35. Swiggy ended the day's trade 2.8% lower at Rs 364 a share, falling to Rs 360.10 apiece earlier in the day. The benchmark Sensex closed 0.31% higher at 82,445.21. According to the agreed-upon terms with the industry body National Restaurants Association of India (NRAI), Rapido will charge a flat commission of Rs 25 for all orders below Rs 400 and Rs 50 for orders worth more than Rs 400. This translates to 8–15% commission from restaurants, compared to 16–30% that Zomato and Swiggy charge, as ET reported. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo Rapido's food delivery launch comes at a time when restaurants have been increasingly flagging issues of 'steep charges' levied by Zomato and Swiggy. "Zomato is becoming unsustainable for small restaurant owners like us," Vandit Malik, founder of The Garlic Bread, wrote on LinkedIn three weeks back. "To even be visible on the platform, I'm forced to spend Rs 30+ per order on ads. What's left? Pennies. Sometimes, not even that," he alleged. The owners of another NCR-based small restaurant, Saffroma, wrote on X last week, which went viral, that it was quitting Zomato, alleging "zero payouts, mystery service charges and advertisements initiated without approval." The post has since been deleted. Live Events Food delivery outlook Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories India's online food delivery market is expected to more than double to $15 billion by March 2029, according to a December 18 report by JM Financial . Platforms had penetrated only about 11% of the country's total food consumption in 2023, compared with 40% in China and 58% in the US, it said. In a note dated June 2, brokerage firm Morgan Stanley said that online food delivery penetration in India is still in the early stages at around 14% against the 19-21% range for markets such as the US and China, "implying a long runway for growth'. It kept its target price for Eternal's stock at Rs 320 per share, implying a potential upside of 24.5% from the stock's current price. Initiating coverage on Swiggy earlier this month, the brokerage firm pegged its target price for the stock at Rs 405 per share, marking a potential upside of 11.3%. Swiggy's food marketplace CEO Rohit Kapoor, in an interview with ET this month, said that there was a need for a greater level of dialogue between restaurants and aggregators over issues such as platform commissions, but pointed out that the architecture of economics has changed over time. Swiggy is an investor in Rapido.
Economic Times
an hour ago
- Economic Times
Sebi Imposes Rs 3 Lakh Penalty on Motilal Oswal Financial Services for Stock Broker Norm Violations
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Markets regulator Sebi on Monday imposed a penalty of Rs 3 lakh on Motilal Oswal Financial Services Ltd for violating stock brokers' fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its regulator conducted a thematic inspection of Motilal Oswal Financial Services Limited on the theme 'Control over Authorized Persons' for the period from April 2022 to January its probe, Sebi found that trading terminals were not found at authorised places."During inspection, 13 terminals ( NSE ) were not found at the reported location. Further, on verification of trade data as on 04-03-2024, it was observed that trades have been executed from 5 out of 13 terminals, 9 terminals ( BSE ) were not found at the reported location, and trades have been executed from 1 terminal," Sebi inspection on Verification of terminals (NSE), it was observed that 4 terminals were not operated by approved users to whom the terminals were allocated. Also, it was observed that 4 trading terminals (BSE) were operated by users other than the approved users, it the rule, a stock broker's hall will be liable for a monetary penalty in respect of extending the use of trading terminals to any unauthorised person or Sebi noted that Motilal Oswal Financial Services had conducted the onsite inspection of two APs (Authorised Persons) and had submitted the inspection report to BSE and NSE. However, it failed to identify fund-based activities during AP inspection and did not report fund-based activities between AP and the client to NSE in the MIS (Margin Intraday Square off) Oswal Financial Services' AP -- Triventure Services -- had fund-based relationships with 36 registered clients, wherein 18.31 crore have been received and payments amounting to Rs 1.24 crore have been made. In case of another AP -- Merit Capital Market Services, 99 clients' transactions were observed out of total transactions with 228 entities, amounting to Rs 5.69 crore payment to clients and Rs 5.06 crore received from clients."Both the APs had a fund-based relationship with the clients. Thus noticee (Motilal Oswal Financial Services) did not ensure that its APs are engaged only in permitted activities and are not undertaking any business which are disallowed under the Byelaws, Rules & Regulations and circulars of Sebi/exchanges," Sebi said in its such activities, Motilal Oswal Financial Services violated stock brokers' rules and accordingly imposed a penalty of Rs 3 lakh for the violations.
Mint
an hour ago
- Mint
Sensex, Nifty 50 rise for 4th consecutive session; investors earn ₹4 lakh crore— 10 key highlights
Indian stock market extended gains to the fourth consecutive session on Monday, June 9, on across-the-board buying amid largely positive global cues. The Sensex closed 256 points, or 0.31 per cent, higher at 82,445.21, while the Nifty 50 settled at 25,103.20, up 100 points, or 0.40 per cent. The mid and small-cap segments outperformed as the BSE Midcap and Smallcap indices rose 1.03 per cent and 1.19 per cent, respectively. The overall market capitalisation of BSE-listed firms rose to ₹ 455 lakh crore from ₹ 451 lakh crore in the previous session, making investors richer by about ₹ 4 lakh crore in a day. In the last four sessions, the Sensex and the Nifty 50 have jumped more than 2 per cent each, and investors have got richer by about ₹ 12 lakh crore. The recent rally in the market has followed healthy domestic macro prints, better-than-expected Q4 results and the RBI's bumper 50 bps rate cut. Positive global cues amid expectations that the US-China and US-India trade deals were near also influenced market sentiment. "The Indian stock market has been experiencing strength recently, backed by positive economic growth and better-than-expected fourth-quarter results. We could see a positive structure for the indices playing out, considering the liquidity in the capital markets continues to be fairly buoyant and the continuation of steady growth in the Indian economy," Jimeet Modi, founder and CEO of SAMCO Group, told Mint. 39 stocks ended higher in the Nifty 50 index, out of which Jio Financial Services (up 3.89 per cent), Kotak Mahindra Bank (up 3.25 per cent) and Bajaj Finance (up 2.69 per cent) ended as the top gainers. Shares of Eternal (down 1.86 per cent), ICICI Bank (down 1.73 per cent) and Titan Company (down 0.73 per cent) closed as the top losers in the index. Barring Nifty Realty (down 0.14 per cent), all sectoral indices ended higher. Nifty PSU Bank (up 1.52 per cent), Private Bank (up 1.03 per cent), Oil & Gas (up 1.04 per cent) and IT (up 1 per cent) ended as the top gainers. Nifty Bank and Financial Services indices rose 0.46 per cent and 0.54 per cent, respectively. Vodafone Idea (63.1 crore shares), Jaiprakash Power Ventures (19.50 crore shares), and Reliance Power (18.8 crore shares) were the most active stocks in terms of volume on the NSE. HB Stockholdings, Indef Manufacturing, Airo Lam, Oriental Carbon & Chemicals, Wealth First Portfolio Managers and Somany Ceramics were among the 12 stocks that jumped over 15 per cent on the NSE. As many as 133 stocks, including Coffee Day Enterprises, Jaiprakash Associates, Somany Ceramics, Capri Global Capital and Reliance Infrastructure, hit their upper circuits in intraday trade on the NSE. On the other hand, 54 stocks, including Nirman Agri Genetics, Dynamic Services & Security, Power & Instrumentation (Gujarat), Best Agrolife and Grand Continent Hotels, hit their lower circuits. As many as 2,066 stocks advanced, while 904 declined and 85 remained unchanged on the NSE. As many as 178 stocks, including Bajaj Finance, AU Small Finance Bank, HDFC Asset Management Company, InterGlobe Aviation (IndiGo) and SRF, hit their 52-week highs in intraday trade on the BSE. On the flip side, United Drilling Tools, Uma Exports, Naksh Precious Metals, Gujarat Lease Financing and Axita Cotton were among the 43 stocks that hit their 52-week lows. Experts believe the Indian stock market could extend gains and the Nifty 50 could target 25,350 mark in days to come. "The Nifty has finally broken out of its prolonged consolidation on the daily timeframe. Market sentiment appears positive, with the index sustaining well above the crucial 50-day moving average (50DMA)," said Rupak De, Senior Technical Analyst at LKP Securities. According to De, a golden crossover on the daily chart has been supporting the bullish sentiment. Following the breakout, a rise towards 25,350 looks likely. "A decisive move above this level could trigger a rally towards 25,700. On the downside, support is placed at 24,850; a breach below this level may lead to a shift in sentiment," said De. Read all market-related news here Read more stories by Nishant Kumar
