Bajaj Finserv up ~4%, To Consider Stock Split and Bonus Shares Issue

JUL 26, 2022  1 MIN READ



Last Updated on Jul 27, 2022, by Manish Thole

Bajaj Finserv’s board will convene on 28th July 2022, Thursday, to consider the proposal of a stock split of equity shares and the issue of bonus shares. The shares considered for the stock split have a face value of Rs. 5 each. On the same day, the board of directors will also consider and approve the unaudited financial results for the Q2 FY 2023.

After the announcement, Bajaj Finserv’s stock price surged over 4% to Rs. 13,181 apiece on BSE on Tuesday.

Bajaj Finserv will inform the board of directors’ decision to the stock exchanges on the same day. The aforesaid proposals are also subject to the approval of the shareholders.

A stock split means an outstanding equity share is split to increase the total number of shares issued. While this reduces the market price of each share, it doesn’t alter a company’s market capitalization. A stock split is usually done to make a company’s stock more affordable for investors, thus increasing liquidity.

Bonus shares, in contrast, are fully paid equity shares issued by a company. Both types of shares are issued to existing shareholders.


Comments

Post a Comment

Popular posts from this blog

Image
  How To Pick Stocks Like a Pro in 10 Minutes Last Updated on Sep 1, 2022, by Manish Thole The right way to invest in a stock is to analyze it thoroughly. It requires effort, time, and resources, making it a lengthy process. But what if we tell you that you can pick stocks in 10 minutes, that too like a pro? Yes, it is possible with the three strategies mentioned in this article. So, let’s see ‘how to pick stocks like a pro in 10 minutes Factors to consider before investing in stocks Before diving into strategies to build your portfolio in 10 minutes, let’s look at some important fundamental factors that you must consider. Here are the seven most essential factors you must consider before buying a stock for the long term... The company’s historical data It is an essential fundamental criterion for understanding a company. Looking at a company’s historical performance helps you identify red flags if any. To check the historical performance of any company, you can analyze its financial s
Read more
Image
  🍿 2022 market overview, Europe turns to coal, SEBIs new rules | Oh! What a Week 🎄 A merry Christmas to everyone celebrating. It's the last newsletter of the year and I want to thank you for reading and sticking by. As a token of gratitude, here's a simple investment tracker that you can use to keep your finances organized next year. Please make a copy of the sheet and use it as you like 🙂 Today we'll cover: Market overview for 2022: How did India perform vs. global markets How Europe's energy crisis is impacting coal usage What do SEBIs new buyback norms mean for investors Let's dive into this week's Oh! What a Week… But wait, if you were forwarded this newsletter by a friend, you got some amazing friends and you should join them by  subscribing to our newsletter here.  Not only will you get access to all of our great content, but you'll also be able to participate in fun games and contests like this one :) Cool! Let’s dive right in  🚀 Market Mood Th
Read more
Image
   This is why Paytm is Crashing!! From being one of the biggest IPOs to tumbling drastically, Paytm's journey so far has been nothing but eventful. A year has passed since its listing, and the stock is down 65% since then and ~70% from its peak. Find out the reasons behind the brutal dip in this edition of Tickertalk.  Last Update 26/11/2022 - Manish Thole Meanwhil   From being one of the biggest IPOs to tumbling drastically, Paytm's journey so far has been nothing but eventful. A year has passed since its listing, and the stock is down 65% since then and ~70% from its peak. Find out the reasons behind the brutal dip in this edition Read.  Paytm tumbling down  15th November 2022 marked the expiry of Paytm's lock-in period. It is not unusual for a company's shares to fall when an IPO's lock-in period expires and shares are freed up to trade in the open market. ~86% of Paytm’s outstanding shares were in the lock-in period. The stock fell 4% primarily due to the exit
Read more