Bajaj Finance said on Wednesday that its Board of Directors will consider a special interim dividend, a stock split, and a bonus share issue during its upcoming meeting on April 29, 2025.

In a regulatory filing to the BSE on April 23, the company said the meeting will take up these items in continuation of its earlier intimation dated April 5. The proposals are aimed at enhancing shareholder value and will be subject to necessary approvals.

The Board will consider a stock split of equity shares with a face value of Rs 2 each and a bonus share issue, both of which will require shareholder approval. These corporate actions will be carried out in line with the Companies Act, 2013 and applicable SEBI regulations.

Also Read: Stocks in news: HUL, Axis Bank, Tata Consumer, LTIMindtree, Adani Green

Bajaj Finance shares target price CLSA has maintained a bullish outlook with a target price of Rs 11,000, stating, “Form is temporary, class is permanent.” Elara Capital raised its target to Rs 11,161, citing strong growth prospects and stating the “elephant is poised to dance once again.”

Elara has projected a 25% AUM CAGR for Bajaj Finance over FY24–27, citing the NBFC’s robust business model and multiple key growth drivers. The company is well-positioned to capitalize on cyclical tailwinds, as NBFCs continue to gain market share in the personal loan segment. It is also witnessing strong expansion in rural markets, having doubled its network in the past 1.5 years.

Ventura Securities has also initiated coverage with a BUY rating and a target price of Rs 10,205.

Bajaj Finance shares performance

On April 23, Bajaj Finance shares closed at Rs 9,326.2 on the BSE, up 0.64%, while the Sensex gained 0.65%. The stock has risen 34.4% so far this year and 57% over the past two years. Its current market capitalisation stands at Rs 5.79 lakh crore.

Also Read: XRP overtakes Bitcoin in trading surge, PEPE enters top 10: What’s driving India’s new crypto bets? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)