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:
The move is expected to boost liquidity and broaden retail participation.
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.
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.
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.
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
This article was originally published on InvestingCube.com. Republishing without permission is prohibited.
This post was last modified on Jun 09, 2025, 11:23 BST 11:23