jump in the shares of Bajaj Finserv, know what is the reason…

 


The domestic stock market has remained bullish for the fourth consecutive day today. Due to positive sentiments, NSE's Nifty has managed to cross the 18 thousand mark for the first time since April 5. Sensex is also trading above the 60,500 mark. Shares of Bajaj Finserv saw a jump of up to 8 percent during the day's trading. In fact, after the announcement of the bonus share or split, the stock of Bajaj Finserv had seen a significant rise.

That's why the shares of Bajaj Finserv increased

Let us inform that Bajaj Finserv had announced the split of its equity shares in the ratio of 5:1. This means that for every share of face value of Rs 5 in the company, the shareholders will get five shares of face value of Rs 1. Along with splitting the shares, the company had announced to issue bonus equity shares in the ratio of 1:1. This means that the shareholders of the company will get one share as bonus share for each share held.

On Tuesday, at 12:51 pm, the share of Bajaj Finserv was trading at Rs 1,786 on NSE, while yesterday the same share closed at Rs 17,138.05. Even after the split today, the stock is trading above its opening price. Many investors who have bought shares of Bajaj Finserv are troubled today. The reason for the trouble is that this stock is showing a decline of up to 90 percent. But, you need not worry, as this is not a fall but a stock split. Some people call it a bonus share and some call it a split of the stock. But both are same.


Nitin Kamat explained by tweeting

Solving the dilemma of people regarding this, Zerodha co-founder Nitin Kamat has given a very good example. He tweeted that the bonus or split is exactly the same as having 2 chocolates of 50-50 grams instead of one chocolate of 100 grams. Overall there is no difference.

Investors will get 10 shares instead of 1

In fact, the record date for split and bonus of shares of non-banking finance company (NBFC) Bajaj Finserv is September 14. For one share, investors will get 10 shares, but the rate of those shares will also be 10 times less. Nitin Kamat tweeted that whenever there is a stock split, panic (fear) or greed (greed) spread among investors. Those who have, they start worrying about getting the rate down, those who don't have, they think about picking it up at a lower rate.


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