NEW DELHI: Bajaj Finance share price dropped up to 4% in Wednesday's trade after it announced bonus share and stock split. The company traded 5 times daily volume in the first hour of trading today. Bajaj Finance’s quarterly results were announced on Tuesday and it was clear that it has given a bonus. The current volume traded on NSE stands at 318484.
Bajaj Finance share price which is currently trading at 4.92 per cent, had declined 2.77 per cent to Rs 9,580 after the board had approved subdivision of equity shares with a face value of Rs 10 each to five shares with face value of Rs 2 each. Further, the board sanctioned issue of bonus shares with a face value of Rs 2 each for every one share held.
The firm said that the subdivision would help improve liquidity on the counter. Bajaj Finance expects to complete the process by 25th September.
Bajaj Finance share price performance:
Bajaj Finance share price which is currently trading at 4.92 per cent, had declined 2.77 per cent to Rs 9,580 after the board had approved subdivision of equity shares with a face value of Rs 10 each to five shares with face value of Rs 2 each. Further, the board sanctioned issue of bonus shares with a face value of Rs 2 each for every one share held.
The firm said that the subdivision would help improve liquidity on the counter. Bajaj Finance expects to complete the process by 25th September.
Bajaj Finance share price performance:
Bajaj Finance share price is currently trading at Rs.10,256, up 4.72 per cent on NSE. It opened at Rs.9790 from a previous close of Rs.9793.45. According to Dynamic Levels Research Team, the closest Support Level of the stock stands at Rs.9515.40 while the closest Resistance Level reads at Rs.9989.90.
Bajaj Finance ranks amongst the Top 500 Shares as identified by Dynamic research team at the end of every quarter out of the 1700 Shares which are listed on NSE. The stock has strong fundamentals and it has not made any losses in the last 2 quarters, on the other hand its debt equity is recorded to be less than 2 and its pledge is below 25 per cent.
Kindly visit Bajaj Finance share price history to acquire more information on the stock.
Bajaj Finance ranks amongst the Top 500 Shares as identified by Dynamic research team at the end of every quarter out of the 1700 Shares which are listed on NSE. The stock has strong fundamentals and it has not made any losses in the last 2 quarters, on the other hand its debt equity is recorded to be less than 2 and its pledge is below 25 per cent.
Kindly visit Bajaj Finance share price history to acquire more information on the stock.
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