Back Bajaj Finance share price rises over 4%; should you buy or avoid the stock?

Bajaj Finance's stock price surged over 4% on BSE amid a weak market, following the announcement of an upcoming board meeting.

The stock opened at ₹7,594.95, higher than the previous close of ₹7,472.50.

It reached an intraday high of ₹7,780 during the morning trade.

Bajaj Finance plans to convene a board meeting on October 5, 2023, to discuss fundraising options.

The company is considering various methods, including preferential issue and qualified institutions placement, pending necessary regulatory and shareholder approvals.

This move indicates Bajaj Finance's intention to secure additional capital.

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