Shares of Bajaj Finance Ltd jumped 2% in the morning trade after the company announced that its board of directors will meet on April 29, 2025, to consider key shareholder-focused proposals, including a special dividend, stock split, and bonus share issue. As of 9:16 AM, the shares were trading 1.66% higher at Rs 9,477.50.
In a regulatory filing on April 23, Bajaj Finance stated that its board will convene to review and approve the audited financial results for the quarter and financial year ended March 31, 2025. Alongside the earnings, the board will also deliberate on declaring a special interim dividend for FY25.
Additionally, the company will consider the sub-division or split of its equity shares, currently bearing a face value of ₹2 each. A proposal for the issuance of bonus shares is also on the agenda.
In the meantime, Morgan Stanley has reaffirmed its “overweight” rating on Bajaj Finance, setting a bullish target price of ₹10,500, citing expectations of stable profit growth despite potential pressure on loan spreads in FY26. The firm highlights a likely 10–15 basis points year-on-year compression in spreads if there’s a 75 basis points cumulative rate cut without a change in the loan mix.
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