This stock announces record date of bonus issue and stock split; share jumps over 5 per cent!

The volume recorded for the day is higher than its prior trading session and also, the highest single-day volume in the last nine trading sessions.

The bells of the festive season are ringing loud and clear as Ganesh Chaturthi is around the corner. Lord Ganesha is not only known as the lord of fresh beginning and remover of obstacles but also, for generosity.   

Talking about generosity, there is one company that has showered immense blessings on its shareholders as it announced bonus issues as well as a split of shares.   

You must be eager to know as to which stock we are talking about! Finally, we would reveal the name: It’s Bajaj Finserv! The stock announced a record date of stock split and bonus share. The stock surged over 5 per cent while the volume recorded for the day is higher than its prior trading session and also, the highest single-day volume in the last nine trading sessions.   

There would be a sub-division of equity shares of the company from the existing 1 (one) equity share of a face value of Rs 5 each into five equity shares of a face value of Re 1 each. The ratio of bonus is 1:1, which means that the issue of one equity share of a face value of Re 1 for every one fully paid-up equity share of Re 1 of the company.   

The stock is up by nearly 11.5 per cent in the month of August 2022. Meanwhile, it delivered meagre gains of 3.85 per cent in 2022, so far.