The strong growth came on the back of Bajaj Finance recording its highest-ever quarterly increase in its customer franchise of 3.84 million and highest-ever new loans booked of 9.94 million in Q1FY24
Stocks in focus today: The domestic market is gradually shifting towards a positive terrain, supported by FIIs inflows and positive Q4 earnings from banks. Wipro, Raymond, HUL, Bajaj Finserv are among the stocks to watch on Friday, April 28, 2023.
Shares of Bajaj Finserv were the top Sensex and Nifty gainers today after the stock turned ex-split today. Additionally, the firm was also trading ex-bonus that was announced in the ratio of 1:1. On Sensex, Bajaj Finserv stock gained 7.59 per cent to Rs 1,846 against the previous close of Rs 1,715. On Nifty, stock of Bajaj Finserv rose 7.64 per cent to Rs 1,844. It was the top gainer on Nifty. Bajaj Finserv shares opened with a gain of 2.4 percent at Rs 1,757 on BSE today. Bajaj Finserv stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
Bajaj Finserv stock split: Kamath said everytime a company announces a stock split, there is panic or greed among many investors because they think that the stock has become cheaper.