Bajaj Finance share price was down on the second day of trading after splitting its stock. The shares traded at ₹922 in late morning session, with the bonus adjustment also weighing in. Analysts remain bullish on the stock’s potential, with multiple forecasts ranging between ₹1,100 and ₹1,500. The company’s fundamentals are strong, but the split and bonus issue events have injected a fresh impetus in the market that could cause short-term volatility.
On Monday, Bajaj Finance (NSE: BAJFINANCE) conducted a 1:2 stock split and a 1:4 bonus issue. The former led to a technical drop of the share price by about 90%, but that has not interfered with the company’s underlying value or market capitalisation. Stock splits help reduce the cost of each share of a company, enabling more retail investors to be able to purchase it. In the long-term, that could catalyse a spike in liquidity by attracting new buyers.
Also, the stock split and bonus issue are a sign of confidence in a company’s future performance and this is good for Bajaj Finance share price. Meanwhile, its fundamentals remain strong, having reported a 13% YoY growth in profit after tax to ₹4,014 crore in Q2 FY 2025. Also, it saw its customer base grow by about 4 million in that quarter to reach 92 million, while its Assets Under Management (AUM) rose by 29% to ₹374,000 crore. These provide a strong basis for the stock to stay on the ascending trajectory.
Bajaj Finance Stock Price Prediction
Bajaj Finance stock price pivot mark is at ₹937 and action below that level favours the sellers to be in control. The first support will likely be at ₹914, but a stronger momentum will break below that level and potentially test the second support at ₹894.
On the other hand, going above ₹937 will shift the momentum to the upside. That will likely see the first resistance come at ₹956. An extended control by the buyers will break above that level and invalidate the downside narrative. In addition, such momentum could send the price higher and test ₹970.
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