Bajaj Finserv Share Price: Ahead of the record date of bonus, shares jumped by more than 5%
It was carved out of Bajaj Auto in the year 2007 so that Bajaj Group could do business in the financial services sector. Bajaj Finserv's consolidated net profit jumped 57 per cent year-on-year to Rs 1,309 crore in April-June 2022.
The record date for split and bonus of Bajaj Finserv shares is September 14. A trading day before this, there is a great bullish trend in the shares. Today on September 13, its shares had risen by more than 5 percent to reach a high of Rs 1846 in intra-day on BSE. Today its shares are trading at split price. The company, while announcing the results for the first quarter April-June 2022 of the current financial year, had informed that the board has approved a stock split in the ratio of 1:5 and bonus shares in the ratio of 1:1. Infosys warns employees to be fired, will take strict action on 'Moonlighting' Why does the company do stock split? A stock split increases the number of shares in the market. This reduces the price per share relative to the split ratio, but does not affect the company's market cap. There is no impact on the profit or loss of the shareholders.
The company splits the stock to bring down the share price so that its trading can increase when it is cheap. At the same time, bonus shares are given by the company to its existing shareholders in the form of additional fully paid shares. Usually, when the company does not want to distribute profits to the shareholders in the form of dividend, it gives it in the form of bonus shares. HDFC Life Share Price: Due to this big deal, HDFC Life increased buying, up by more than 4% Details about the company Banaj Finserv is in the business of Loan, Asset Management, Wealth Management and Insurance Services. It was carved out of Bajaj Auto in the year 2007 so that Bajaj Group could do business in the financial services sector. Bajaj Finserv's consolidated net profit jumped 57 per cent year-on-year to Rs 1,309 crore in April-June 2022.