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

[{"selector":"#anim-c960af32-cfdb-43be-8e9a-64026c31e584 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2ac41b86-b167-4a4c-a3cb-aca4f7c7a0f5","keyframes":{"opacity":[0,1]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b1d6fc3-07e1-4a08-847f-78cf6d05d8f2","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa1f2de4-5c4e-489d-ac70-3a2ca01e7960","keyframes":{"opacity":[0,1]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-af571efd-6f43-4be3-a0b3-eba01d19c733","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bajaj Finance's stock price surged over 4% on BSE amid a weak market, following the announcement of an upcoming board meeting.

[{"selector":"#anim-f41f79c4-d537-4cf3-b602-f6146c331efb","keyframes":{"opacity":[0,1]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4da97186-c9df-433a-9ba8-844a524a872d","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd5caf3f-97eb-4f08-bafa-371036f3b850","keyframes":{"opacity":[0,1]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a00e6ae6-1f01-4bf4-9187-2ce1c19c53fd","keyframes":{"transform":["translate3d(108.42696%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The stock opened at ₹7,594.95, higher than the previous close of ₹7,472.50.

[{"selector":"#anim-1cfde234-dc9b-4174-9217-6d9185451b2a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(51.5820309448494%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a89e5c2f-2a1d-43a7-bc50-f353d42cd815","keyframes":{"opacity":[0,1]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc82bcdd-96da-4372-b9e1-72d60b2388cf","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79ec41ee-da2e-4abd-aa96-fd077dba0b76","keyframes":{"opacity":[0,1]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bb83ab40-554c-4f2b-8091-05472a970cd2","keyframes":{"transform":["translate3d(107.82123%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] It reached an intraday high of ₹7,780 during the morning trade.

[{"selector":"#anim-f9ccf621-bef6-4704-a0a8-45292396d76f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a0916e59-49d6-418d-8dea-754c0e4da464","keyframes":{"opacity":[0,1]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d19659a2-a350-4edf-af29-a0daf0702d77","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3373715c-494a-4be2-98be-52e74f3ed1bb","keyframes":{"opacity":[0,1]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd5cfe84-8739-4489-84d5-12eafc913fea","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bajaj Finance plans to convene a board meeting on October 5, 2023, to discuss fundraising options.

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[{"selector":"#anim-0d072aed-3649-4d1b-b132-3e3467d10e38 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-231ce29c-939f-46c5-8dbd-f34d5166bc66","keyframes":{"opacity":[0,1]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1db0846e-abd1-4e34-a58d-2ad05a1d5f2c","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d59c065-c5b8-4738-b98e-6651f202f6c7","keyframes":{"opacity":[0,1]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-94d0d628-74e9-40b2-9a28-6f98de0b218d","keyframes":{"transform":["translate3d(108.42696%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The company is considering various methods, including preferential issue and qualified institutions placement, pending necessary regulatory and shareholder approvals.

[{"selector":"#anim-8a3a1646-3084-4bda-9fd2-7967b4f818c7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-22.95608100338557%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-85fe8ac3-64f8-4cdc-86b6-e5f77694157e","keyframes":{"opacity":[0,1]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-145f2915-3153-4411-beb4-7122dddbbc2d","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dafbe7c4-43d7-45f1-b10a-18f6476992d9","keyframes":{"opacity":[0,1]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6395a8f2-7621-40eb-90d4-44f2d786a85a","keyframes":{"transform":["translate3d(108.42696%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] This move indicates Bajaj Finance's intention to secure additional capital.

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

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