Shares of Bajaj Finserv surged 10 per cent to Rs 14,579.95 on the BSE in Thursday’s intra-day trade after the company’s board approved 1:1 bonus issue and 1:5 stock split.On July 28, 2022, the board approved sub-division of each existing equity share of face value of Rs 5 into five equity shares of face value of Rs 1 fully paid- up. The board also approved issue of one bonus equity shares of face value of Rs 1 for every 1 equity share of Rs 1.In the past three trading sessions, the stock gained 16 per cent after the company announced their plan for stock split or bonus issue. So far in July, the stock has outperformed the market by 33 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.However, over the last three months, the stock has underperformed the