Bajaj Finserv hits over 3-month high; stock zooms 30% in a month

On July 28, 2022, Bajaj Finserv's board had approved 1:1 bonus issue and 1:5 stock split.

Shares of Bajaj Finserv hit over three-month high of Rs 15,584, up 3 per cent on the BSE in Monday’s trade. The stock extended its gain after the company approved 1:1 bonus issue and 1:5 stock split in July. The stock traded at its highest level since April 26, 2022. In the past one month, it has rallied 30 per cent, as against 8 per cent rise in the S&P BSE Sensex.

Bajaj Finserv is primarily engaged in promotion of financial services such as insurance, broking, investments etc.  It is a financial conglomerate with holding in financing business (Bajaj