Bajaj Finance announced today that its Board will be meeting on 26^th July to consider issue of bonus shares and also go for a stock split. The company will also be considering its Q1FY17 results on the same day.

This news took the market by complete surprise and it is celebrating this by catapulting the stock price to a new 52-week high first at  Rs.8670 and then further spurting up to another new high at Rs.8691.50 – an all time high.