Anil Singhvi and Vikas Sethi bullish on this NBFC stock and the buzz of stock splits; check the target
Stocks of the day: ZEE business executive editor Anil Singhvi suggested buying futures for NBFC stocks in a special series. Futures are derivative contracts that are the obligation of the seller or buyer to engage in transactions at a predetermined price in the future.
Often, these contracts make profits by guessing future price changes or resisting price changes.
Bajaj Financial Sharing News:
NBFC said in a filing filed on the exchange yesterday that its board meeting is scheduled to be held on April 29, 2025:
The company said it will consider the following:
1. Special (temporary) dividends for 2024-25.
- Existing stocks with a subdivision/split proposal with a face value of Rs. 2/ – Each, in accordance with the applicable provisions of the Company Act 2013 (including the rules in the regulations) and the SEBI Listing Regulations, 2015;
- According to the applicable provisions of the Companies Act 2013 (including rules of the framework) and the Securities and Exchange Commission of India (Capital and Disclosure Requirements Issuance) Ordinance, the provisions of the Companies Act 2013, the proposals for the issuance of bonus shares.
Bajaj Financial Stock Split and Bonus History
The company last announced a split in 2016 at a ratio of 1:5. So this will be the second separation that the company will announce in 8 years.
Levels of buying Bajaj financial futures
Market Guru Anil Singhvi recommends buying Bajaj Finance Futures with a target of Rs 9,425 and Rs 9,480 – meaning nearly 2% upside. The proposed stop loss for the transaction is Rs 9,265.
He advises not to buy stocks if the stock starts very big. In addition, he expects higher profits.
Sethi Finmart's Vikas Sethi also recommends buying Bajaj Finance at F&O Space
Experts recommend buying the stock at a target of Rs 9,600 to keep the stop loss at Rs 9,250. Experts praised the NBFC sector for doing a good job driven by recent liquidity. In addition, news surrounding stock splits and bonuses will further increase the liquidity of stocks and make them more attractive to stocks.
