Day: April 24, 2025

 Shares of Bajaj Finance hit a new high of ₹9,709.95 on the BSE in Thursday’s intra-day trade in an otherwise subdued market after the company announced the schedule of a board meeting to discuss proposals of a special interim dividend, stock split and bonus issue. The stock of the non banking finance company has surpassed its previous high of ₹9,340 touched on April 23, 2025. 

At 09:16 am, Bajaj Finance was trading 1.6 per cent higher at ₹9,473.80, as compared to 0.22 per cent decline in the BSE Sensex. 

Bajaj Finance market capitalisation tops ₹6 trillion

Bajaj Finance’s market capitalisation (market cap) has touched the ₹6-trillion mark for the first time, at ₹ 6.03 trillion in intra-day trade today. Currently, the company’s market cap stood at ₹5.82 trillion, the BSE data shows. 

Bajaj Finance has become the eighth listed company and fourth financial stocks having a market cap of ₹6 trillion. Reliance Industries is at the first position with a market cap of ₹17.48 trillion, followed by HDFC Bank (₹14.67 trillion), Tata Consultancy Services (₹12.3 trillion), Bharti Airtel (₹11.17 trillion), ICICI Bank (₹10.09 trillion), State Bank of India (₹7.27 trillion) and Infosys (₹6.1 trillion).

Past price performance of Bajaj Finance

Thus far in the calendar year 2025, Bajaj Finance has outperformed the market by surging 35 per cent, as compared to the 1.8 per cent rise in the BSE Sensex. In the past one year, the stock has rallied 28 per cent, as against 8 per cent gain in the benchmark index. 

What’s driving Bajaj Finance stock today?

Bajaj Finance has announced that its Board, in the upcoming meeting on April 29, 2025, will consider a special interim dividend for FY25. Additionally, subject to shareholder approval, the Board will also evaluate a stock split (subdivision of equity shares with face value of ₹2 each) and a bonus issue.

These corporate actions, if approved, signal management’s confidence in business fundamentals and aim to enhance liquidity, ICICI Securities said in a note.

Past bonus issue, stock split Earlier in September 2016, Bajaj Finance had issued bonus shares in the ratio of 1:1, i.e. one bonus equity share for every share held in the company on record date. The company had subdivided the face value of its equity shares from ₹10 to ₹2. 

Q4 business update

Bajaj Finance released its fourth quarter ended March 31, 2025 (Q4FY25), business update on April 3, 2025. It reported a healthy performance for Q4FY25 with asset under management (AUM) expanding 26 per cent year-on-year (YoY) to ₹4.17 trillion, on the back of continued traction in customer addition (added 4.7 million customers with total base reaching to 101.8 million as of 31 March 2025). New loans booked grew 36 per cent YoY to 10.7 million, indicating healthy demand momentum.

Brokerage views on Bajaj Finance post Q4 business update Customer addition and thus business growth continue to remain healthy. Asset quality trend and commentary on margins remains watchful, ICICI Securities had said in its note post-Q4 business update. 

InCred Equities expects margins during Q4FY25 to remain flat sequentially amid easing system-wise liquidity; however improving operating leverage is expected to support profitability during the quarter. The stress on asset quality is a key thing to watch out for. However the brokerage firm believes the trend will remain within the guided range of the management.

About Bajaj Finance Bajaj Finance is a subsidiary of Bajaj Finserv. It is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC).

Bajaj Finance is engaged in the business of lending, partnership and services, payments and acceptance of deposits. The Company has a diversified lending portfolio across retail, SMEs (small and medium sized enterprises), and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers.

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Shares of Nestle India slipped over 5 per cent from the day’s high in Thursday’s intraday session after it reported a 5 per cent year-on-year (Y-o-Y) decline in its net profit for the March quarter of the previous financial year.  

The fast-moving consumer goods major’s stock fell as much as 5.4 per cent from its day’s high of ₹2,515 per share. As of 12:12 PM, the counter was down 1.31 per cent at ₹2,401.8, compared to the 0.29 per cent decline in the Nifty50 index.  

The company’s shares snapped their two-day gain on Thursday but have recovered over 11 per cent from their lows of ₹2,160, which it hit in early April. The stock has risen 11 per cent this year, compared to a 2.5 per cent advance in the benchmark Nifty50. The company has a total market capitalisation of ₹2.2 trillion, according to BSE data. The Nifty FMCG index was seen quoting 0.89 per cent lower at 56,972. 

Nestle Q4 results breakdown

The consumer giant reported a net profit fall of 5 per cent to ₹885.4 crore in the January to March quarter of the financial year 2025 (FY25), as compared to ₹934.1 crore in the same period last year. The fall in the bottom line came while the revenue from operations rose 4.5 per cent to ₹5,503.8 crore in the quarter under review. In the fourth quarter of the previous year, the company reported a revenue of ₹5,267.50 crore.  

However, the bottom line met the street’s expectations as brokerages tracked by Business Standard expected Nestle’s net profit to decline 9.12 per cent in the quarter ended March 31, 2025, on average, to ₹848.86 crore.

During the quarter, the company’s operating margins or earnings before interest, taxes, depreciation and amortisation rose 3 per cent to ₹1,388.8 crore in the March quarter. The Ebita margin of Nestle contracted to 25.2 per cent from 25.6 per cent earlier.  

Meanwhile, Nestle reported their highest-ever domestic sales, having crossed the ₹5,235 crore mark, aided by improving volume growth. The March quarter also saw double-digit growth in beverages and confectionery, with three out of four product groups delivering healthy growth. 

Nestle’s ₹6,500 crore capex plan

The FMCG giant said it will be investing ₹6,500 crore between 2020 and 2025 to develop new capabilities and capacities. “This not only demonstrates the strong demand for our products but also our commitment to manufacture in India and Make in India,” Suresh Narayanan, chairman and managing director of Nestle India, said in the statement. “The Odisha factory, our 10th citadel of growth, is being set up with an initial investment of approximately ₹900 crore, in its first phase, to manufacture products from our foods (Prepared Dishes and Cooking Aids) portfolio.”  

Nestle dividend announcement  The company announced a dividend of ₹10 per share for the financial year ended March 31, 2025.

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 Shares of Samhi Hotels surged over 12 per cent to hit an intraday high of ₹196.90 on Thursday after the company announced its strategic partnership with global institutional investor GIC. 

Singapore-based sovereign wealth fund GIC will acquire a 35 per cent stake in three subsidiaries of Samhi Hotels that together own Courtyard & Fairfield by Marriott Bengaluru ORR, Hyatt Regency Pune and recently acquired Trinity Hotel in Bengaluru Whitefield.  

At 2:30 PM on Thursday, Samhi Hotels’ stock was quoting at ₹193.53, up 11.26 per cent on the National Stock Exchange (NSE). In comparison, the benchmark Nifty50 index was trading at 24,249.10, down 79.85 points or 0.33 per cent.

The acquisition will be made for an investment of ₹752, marking the enterprise value of three assets at ₹2,200 crore. Out of the proceeds, ₹604 crore will utilised to reduce the debt across Samhi’s portfolio and cover deal expenses. The remaining ₹149 crore will be used over the next two years to partially fund the capital expenditure for the Westin/Tribute Portfolio Bengaluru Whitefield dual-branded hotel.

“The transaction follows our stated strategy of capital recycling and will lead to a significant reduction in debt and partnership with a global investor of GIC’s stature for funding further growth,” the company said in an exchange filing. 

After closing the transaction, the company expects its debt to be reduced by ₹580 crore and an improvement of around 15-20 per cent in its net profit. The company also expects to see a significant improvement in its future cash flows due to a reduction in debt and Westin / Tribute Portfolio Bengaluru Whitefield capital expenditure by GIC. 

Following the transaction, Samhi Hotels will own a 65 per cent stake in each of the three subsidiaries.  

Samhi Hotels’ stock history

The stock has fallen around 20 per cent from its 52-week high of ₹225.48 touched on September 06, 2024. The company’s total market capitalisation stood at ₹4,281 crore. On a year-to-date basis, the stock has gained around 5 per cent compared to a 2 per cent increase in the Nifty50 index. 

About Samhi Hotels

Incorporated in 2010, Samhi Hotels is a hotel ownership and asset management platform based in India. It has long-term management arrangements with three global hotel operators including Marriott, IHG and Hyatt. Samhi has a portfolio of 31 operating hotels comprising 4,823 keys. The company has a geographic presence in 13 cities across India, including the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai and Pune. Samhi’s hotels operate under hotel operator brands such as Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton and Holiday Inn Express.

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