Triple Bonanza! 4:1 Bonus Share; 2:1 Stock Split & 2800% Dividend Announced: Bajaj Group-Multibagger Stock To Be In Focus Tomorrow
The stock is up by 42.6 per cent from its 52-week low of Rs 6,376.55 per share and has given multibagger returns of over 2,100 per cent in 10 years.
Today, the stock market was trading in green with the BSE Sensex Index and the NSE Nifty-50 Index up 0.09 per cent and 0.03 per cent, respectively. At the closing bell, shares of this Bajaj Group-multibagger Stock plunged 0.03 per cent to Rs 9,089.30 per share with an intraday high of Rs 9,149.70 per share and an intraday low of Rs 8,960.80 per share from its previous closing of Rs 9,092 per share.
The Board of Directors has declared a Special Interim dividend of Rs 12 per equity share (600 per cent of face value Rs 2) for the financial year ending March 31, 2025, which is slated for credit/dispatch around May 26, 2025. Additionally, they have recommended a Final Dividend of Rs 44 per equity share (2,200 per cent of face value Rs 2) for the same financial year, pending shareholder approval at the upcoming Annual General Meeting, with credit/dispatch expected around July 28, 2025, if declared.
Furthermore, the board approved a sub-division of each equity share of face value Rs 2 into two equity shares of face value Rs 1 to encourage retail participation, with the corporate action expected to be completed by June 27, 2025, subject to approvals. Lastly, a bonus issue of 4 equity shares of Rs 1 each for every 1 existing equity share of Rs 1 is proposed, capitalising Rs 4,97,14,29,216 from free reserves amounting to Rs 28,281.59 crore as of March 31, 2025, which will increase the post-bonus paid-up share capital to Rs 6,21,42,86,520.
According to Quarterly Results, the net sales increased by 24 per cent to Rs 16,359.14 crore and net profit increased by 19 per cent to Rs 4,545.57 crore in Q4FY25 compared to Q4FY24. In annual results, the net sales increased by 27 per cent to Rs 61,163.55 crore and net profit increased by 16 per cent to Rs 16,779.48 crore in Q4FY25 compared to Q4FY24.
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The trending stock name is BAJAJ FINANCE LTD
Bajaj Finance Ltd., established in 1987, has evolved from a vehicle financing company to become one of India's largest and most diversified Non-Banking Financial Companies (NBFC). Primarily engaged in lending, Bajaj Finance boasts a widespread presence across urban and rural India, catering to retail, SME, and commercial customers through a diversified portfolio. Beyond lending, the company also accepts public and corporate deposits and provides a variety of financial services.
The company has a market cap of over Rs 5.6 lakh crore with a PE of 36x and an ROE of 22 per cent. The stock is up by 42.6 per cent from its 52-week low of Rs 6,376.55 per share and has given multibagger returns of over 2,100 per cent in 10 years. Investors should keep an eye on this Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.