The rally intensified on Monday after Bajaj Finance announced a 1:2 stock split and a 4:1 bonus issue, sending the stock to a fresh 52-week high of ₹9,785.90. As of 2:47 PM IST, shares were up over 2.7% on the BSE, trading at ₹9,626, with bulls clearly in control.
The board has fixed June 16, 2025, as the record date. As per the resolution:
- One share of face value ₹2 will be split into two shares of ₹1
- Investors will receive four bonus shares of ₹1 each for every one share held
The move is expected to boost liquidity and broaden retail participation.
Analysts See More Upside For Bajaj Finance Share Price
Axis Securities has reaffirmed its Buy rating with a target price of ₹10,500, citing strong customer acquisition trends, high-quality asset growth, and consistent AUM momentum. The firm expects 25% CAGR growth in AUM through FY25–27.
That bullish tone is echoed in FII flows, which have picked up over the last quarter, now at 18.9%, signalling growing foreign confidence in the stock’s longer-term upside.
Bulls Regain Control After Range Reclaim
- Immediate resistance: ₹9,785.90
- Next upside target: ₹10,000 (psychological milestone)
- Support to watch: ₹9,328.60 followed by ₹9,125.70
Bajaj Finance Fundamentals: Valuation Holds Steady, FII Buying Returns
From a valuation standpoint, Bajaj Finance is trading at a TTM P/E of 32.74, almost in line with the sector average of 32.90. What’s more notable is the shift in investor appetite.
- FII holding rose to 18.90% in Q4 FY25, up from the previous quarter
- Mutual fund (MF) holding dipped slightly to 9.00%, showing a bit of caution from domestic institutions
- The stock has delivered a 37.54% return YTD, and 2.08% in the last 5 sessions
The company’s last reported net profit stood at ₹4,479.57 crore, keeping it on solid footing among its peers, including Power Finance Corp and Cholamandalam Investment, both of which are also in the green today.
Final Take: ₹10,000 Now in Sight, But Volume Must Hold
With the breakout confirmed and bonus euphoria fueling interest, the ₹9,785 resistance is already being tested. If price holds above ₹9,600 through midweek, the path to ₹10,000 could open up sooner than expected.
But with the RSI nearing stretched territory and volumes already elevated, traders should watch for potential profit-booking near round-number zones. As of now, the breakout looks real, and the bulls aren’t backing off