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The company had announced 5-for-1 stock split and 1:1 bonus issue of shares. The company will split each equity share of face value Rs 5 each into Rs 1 each. Later it will issue one fully paid bonus equity share of the face value of Rs 1 each against one equity share of the face value of Rs 1 each.
The record date for bonus and stock split is set on 14 September 2022.
Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. The company's consolidated net profit rose 57% to Rs 1,309 crore on a 14% rise in total income to Rs 15,888 crore in Q1 FY23 over Q1 FY22.
The stock had outperformed the market over the past one month, rising 12.38% compared with 1.92% increase in the Sensex.
The scrip outperformed the market in past one quarter, spurting 55.59% as against Sensex's 14.68% rise.
The scrip had also outperformed the market in past one year, rising 4.69% as against Sensex's 4.17% climb.
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