Anil Singhvi bullish on this NBFC stock; stock zooms to all-time high: What's buzzing?

Stock Of The Day: Zee Business Managing Editor Anil Singhvi in a special series has suggested a buy on the NBFC company stock's futures. Futures are a type of derivative contract that creates the obligation for the seller or buyer to engage in the trade at a pre-determined price at a date in the future.

Typically, these contracts are resorted to for making profits by speculating future price movement or for hedging against price variations.

Bajaj Finance share news:

The NBFC in its filing with the exchanges yesterday said its board meeting is scheduled to be held on April 29, 2025:

The company said it will consider, inter-alia, the following:

1. Special (Interim) Dividend for Financial Year 2024-25.

• Proposal of sub-division/ split of existing equity shares having face value of Rs. 2/- each, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules framed thereunder) and SEBI Listing Regulations, 2015;
•  Proposal for issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules framed thereunder), and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Bajaj Finance stock split and bonus history

The company last announced split in 2016 in the ratio of 1:5. So it will be the second split that the company will now announce after a span of 8 years.

Similarly, the company announced a 1:1 bonus share issue in the year 2016 when the ex-date for the same was September 8, 2016, while the record date was September 10, 2016.

Buy levels for Bajaj Finance futures

Market guru Anil Singhvi suggests buying Bajaj Finance Futures for a target of Rs 9,425 and Rs 9,480- this means an upside of nearly 2 per cent. The stop loss suggested for the trade is Rs 9,265.

He recommends not to buy the stock if it opens with a big gap-up. Also, he expects profit booking at higher levels.

Vikas Sethi of Sethi Finmart also recommends buying Bajaj Finance in the F&O space

The expert recommends buying this stock for a target of Rs 9,600, keeping a stop loss at Rs 9,250 stop loss. The expert hailed that as a whole amid the recent liquidity push - NBFC sector is doing good. Plus, the news around stock split and bonus will further boost up liquidity in the stock and make it more attractive for the stock.

Bajaj Finance stock price hits all-time high

Amid the newsflow, the stock of Bajaj Finance made a new high of Rs 9,660 per share on the NSE- a significant gain of over 3 per cent.