Multibagger stock Bajaj Finserv is going to trade ex-bonus and ex-split on 13th September 2022. The Board of Directors of Bajaj Finserv Limited has approved and declared 1:1 Bonus Shares and 5:1 Stock Split. This move by the Bajaj group company is going to help the long term shareholders of the company as their shareholding will increase 10 times in the near future. Due to Bajaj Finserv’s bonus shares and stock split this month, an investor 1 lakh will be invested 12 years ago 68 lakhs after issue of bonus shares and stock split.
Bonus Shares and Stock Split Effects
About 12 years ago, the share price of Bajaj Finserv was around 500 epic levels. So, if an investor had invested 1 lakh in Bajaj Finserv 10 years ago, he would have got 200 shares of Bajaj Finserv. Now, 5:1 stock split and 1:1 . After bonus share Issued, the net shareholding of the shareholder will become 2000 (200 x 5 x 2).
impact on investment
After Bonus Share Issue and Stock Split, Bajaj Finserv Share Price Will Come Down 1,733 ( 17,330 /10), if we consider the share price of Bajaj Finserv today as the price taken for the stock split and bonus share issue. In that case, the total assets of the shareholder’s Bajaj Finserv portfolio would be around Rs 34.66 lakh or so 35 lakhs.
Bajaj Finserv Share Price History
The shares of Bajaj Finserv have been in the consolidation phase for the past one year. However, for the last two months, the stock has been in a bullish trend. it has grown around from 1100 17,330 levels each in these two months, which indicate that the stock is trying to exit base-building mode. This is one of the multibagger stocks that the Indian stock market has given in the last 5 years. In the last 5 years, Bajaj Finserv has delivered more than 200 per cent returns to its shareholders, whereas in the last 10 years, it has grown from approx. from 500 17,330, provides approximately 3,300 percent return to its positional shareholders.
Speaking on the additional profit expected by the shareholders of Bajaj Finserv after the stock split and bonus share issue, Ravi Singhal, CEO, GCL Securities said, “Post the stock split and issue of bonus shares, the stock is expected to increase in volumes, leading to There may be a sharp jump in the stock in the short to medium term as small sized retail investors will be able to invest in Bajaj Finserv after the stock split and bonus share issue.”
Ravi Singhal of GCL Securities said that after the stock split and bonus share issue, Multibagger Bajaj stock will rise by Rs. After a 5:1 stock split and 1:1 bonus shares, the investor’s shareholding will increase 10 times. Therefore, after the bonus shares and stock split, if the stock rises 10 percent, the existing shareholders’ portfolio will grow by 100 percent as they will have 10 times more shares than at the current pre-bonus and stock split time.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.