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Bajaj Finance shares opened at ₹956.00, which appeared to be a significant decline from the previous close. However, this was due to technical adjustments after corporate actions. The actual previous close was ₹9,334.15. Some platforms experienced a 90% decline, confusing investors. This was not a crash but a price reset after the stock split and bonus issue.
Bajaj Finance announced two major changes:
A 1:2 stock split, where each share of ₹2 was split into two ₹1 shares.
A 4:1 bonus share issue, giving four bonus shares for every share held.
For instance, if an investor held 50 shares before the record date, they received 200 bonus shares. That took the total to 250. After the split, the number of shares doubled to 500. The value of the investment remained unchanged. Only the number of shares changed, not the total worth.
The record date was June 16, 2025. Due to the T+1 settlement rule, investors had to buy shares by June 13 to qualify. Bajaj Finance shares had closed at ₹9,334.15 on June 13. On June 16, the stock adjusted for the corporate actions and began trading at a new price level.
Shares jumped over 2.5% in early trading. The intraday high touched ₹957.30 on the BSE. Over 43 lakh shares were traded. The total turnover stood at ₹41,080.69 lakhs. The VWAP (Volume Weighted Average Price) was ₹936.58. Bajaj Finance’s beta is 1.05, indicating it moves in line with the broader market. Its market cap remains strong at ₹5,82,900 crore.
The following chart shows Bajaj Finance share price movement as of 12.09 PM on 16 June 2025:
The rally reflects strong confidence in the company. Vishal Mehta from Kotak Securities stated that the move enhances retail access to quality stocks. While more shares are now in circulation, the price adjustment ensures that no loss in value occurs. The rally indicates market optimism, despite the fundamentals remaining unchanged.
Key valuation data shows:
P/B ratio: 0.68 (below its book value of ₹1,396.84)
TTM EPS: ₹26.77 (down 88.53% YoY)
TTM PE ratio: 35.04 (higher than the sector PE of 28.68)
This suggests investors are willing to pay a premium, possibly due to Bajaj Finance’s strong brand and growth track record.
Analyst sentiment remains mostly positive:
Buy: 35%
Outperform: 24%
Hold: 26%
Underperform/Sell: 15%
Experts expect growth in assets under management (AUM) and steady profits. They also cite strong loan demand and good risk control as strengths.
Here’s how the stock has performed:
1-Year Return: 28%
Year-to-Date Gain: 34.56%
6-Month Return: 29.89%
3-Month Gain: 10.87%
1-Month Gain: 3.22%
In Q4 FY25, the company posted a 17% YoY increase in net profit to ₹4,480 crore. AUM rose 26%, and new loan bookings grew 36%. Net interest income also climbed 22% to ₹9,807 crore.
Analysts expect the company to maintain a 25-26% CAGR in earnings and AUM over the next few years. Margins may stay stable or improve slightly. With rate cuts expected, Bajaj Finance could benefit from cheaper borrowing. The cost of funds may fall by 10-15 basis points in FY26, settling around 7.75-7.85%.
Bajaj Finance’s stock split and bonus issue made its shares more affordable and liquid. This led to renewed investor interest and short-term gains. However, the company’s long-term success will depend on growth, asset quality, and market conditions. With strong fundamentals and optimistic forecasts, Bajaj Finance remains a dominant force in India’s financial sector.
Also Read: Top 10 Stocks Most Favored by Mutual Funds in India
