BAJAJ FINSERV LTD.
NSE : BAJAJFINSVBSE : 532978ISIN
CODE : INE918I01026Industry : Finance - InvestmentHouse
: Bajaj
BSE1618.7024.45 (+1.53 % )
PREV CLOSE (Rs.) 1594.25
OPEN PRICE (Rs.) 1582.35
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 71609
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1619.00 25.1 (+1.57 % )
PREV CLOSE(Rs.) 1593.90
OPEN PRICE (Rs.) 1587.00
BID PRICE (QTY) 1619.00 (178 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1242066
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 15-Apr-2024 | Bajaj Finserv informs about certificate | <div style="text-align: justify;">Pursuant to Regulation 40(10) of the SEBI Listing Regulations, 2015, Bajaj Finserv has enclosed a certificate issued by Shyamprasad D. Limaye, Practising Company Secretary under Regulation 40(9) of the SEBI Listing Regulations, 2015, for the financial year ended 31 March 2024.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 22-Feb-2024 | Bajaj Finserv's arm partners with Propelld | <p style="text-align: justify;">Bajaj Finserv's subsidiary -- Bajaj Markets has partnered with Propelld, a prominent financial institution that offers domestic education loans. This collaboration aims to empower students across the country to pursue their academic dreams with greater ease and affordability. </p><p style="text-align: justify;">Propelld Education Loan on Bajaj Markets cater to a wide range of aspirations, with maximum loan amounts reaching up to Rs 20 lakh. Interest rates range from 11.50% p.a. to 15% p.a., making higher education financing accessible to a wider student base. Additionally, flexible repayment terms of up to 5 years allow students to focus on their studies without undue financial pressure. </p><p style="text-align: justify;">Bajaj Markets continues to expand its offerings, providing individuals with a one-stop destination for comparing and choosing from various financial products such as loans, insurance policies, investment options and much more. With Propelld's expertise on board, Bajaj Markets strengthens its position in students' journeys towards academic success.</p><p style="text-align: justify;">Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.</p><div style="text-align: justify;"><br></div> |
| 09-Feb-2024 | Bajaj Finserv gains as its arm reports 32% rise in individual non-single premium during January 2024 | <p style="text-align: justify;">Bajaj Finserv is currently trading at Rs. 1578.00, up by 7.30 points or 0.46% from its previous closing of Rs. 1570.70 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1575.75 and has touched a high and low of Rs. 1593.40 and Rs. 1570.20 respectively. So far 95923 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1741.85 on 15-Dec-2023 and a 52 week low of Rs. 1216.10 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1660.00 and Rs. 1565.25 respectively. The current market cap of the company is Rs. 250603.43 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 60.69%, while Institutions and Non-Institutions held 15.40% and 23.91% respectively.</p><p style="text-align: justify;">Bajaj Finserv's unlisted insurance subsidiary -- Bajaj Allianz Life Insurance Company has reported Individual non-single premium of Rs 539.34 crore in the month of January 2024, i.e. up by 31.93% Year-on-Year. In January 2023, the company had reported Individual non-single premium of Rs 408.81 crore. </p><p style="text-align: justify;">The company's Group single premium stood at Rs 334.26 crore in January 2024 as compared to Rs 217.23 crore in January 2023. The company has reported Individual single premium and Group yearly renewable premium of Rs 38.10 crore and Rs 39.15 crore respectively during January 2024. </p><p style="text-align: justify;">Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.</p><div style="text-align: justify;"><br></div> |
| 09-Feb-2024 | Bajaj Finserv, Coal India and NTPC to see some action today | <p style="text-align: justify;"><b>Bajaj Finserv</b>'s unlisted insurance subsidiary -- Bajaj Allianz General Insurance Company has reported gross direct premium underwritten of Rs 1,975.04 crore in the month of January 2024 as compared to Rs 1,674.41 crore in same period a year ago, i.e up by 17.95%. Besides, gross direct premium underwritten up-to-the month of January 2024 stood at Rs 17,515.16 crore. </p><p style="text-align: justify;"><b>Coal India</b> is planning to take the total number of e-vehicles at its mines to 681 by FY2025-26 from 178 at present. The company is asserting on hiring electric vehicles at different mines and subsidiary headquarters. The present number of e-vehicles in Coal India is 178. The company has taken various initiatives for reduction of carbon emission in mining operations which includes deployment of e-vehicles in all its subsidiary companies.</p><p style="text-align: justify;"><b>NTPC </b>is planning to raise up to $750 million (about Rs 6,222 crore) in the form of unsecured term loan from foreign investors. The proposed facility is being raised under automatic route as permitted under External Commercial Borrowing (ECB) guidelines of the RBI. The bids from banks/financial institutions should be a comprehensive, unconditional, firm and fully underwritten offer for the full amount of the proposed facility. </p><p style="text-align: justify;"><b>Dynamatic Technologies </b>has received new contract from Airbus to manufacture and supply the main passenger doors, service doors, cargo doors and over-wing emergency exit doors for the A220. Aircraft doors are critical structures, incorporating advanced technologies to meet the stringent requirements for safety and overall efficiency. This contract not only marks a significant milestone, but also showcases the success of the Make in India initiative. Over the past decade, Airbus and Dynamatic have collaborated to develop a fully qualified ecosystem of over 100 aerospace companies ranging from MSME to Large scale organizations.</p><p style="text-align: justify;"><b>Gokul Agro Resources</b> (GARL) has received approval for proposed acquisition of 10,000 Equity Shares of Rs 10 each representing 100% paid-up equity share capital of Riya Agro Industries. The object of acquisition is to expand the product line of the company under Oil and Seed Segment. The Board of Directors of the Company in its Meeting held on February 8, 2024 has approved the same. </p><p style="text-align: justify;"><b>IRCTC </b>has signed a MoU with Govt of Uttarakhand through Uttarakhand Tourism Development Board (UTDB) on February 8, 2024 for taking dedicated Bharat Gaurav Tourist Trains through IRCTC and operating the trains originating from different cities/Stations of the country to Uttarakhand. The objective is to bring the Tourists from across India to visit the tourist places within Uttarakhand and to promote the lesser known destinations in the state on tourism circuits.</p><p style="text-align: justify;"><b>Bharat Heavy Electricals</b> (BHEL) has received an order from HPGCL (Haryana Power Generation Corp.) for setting up the 1x800 MW Ultra Super Critical Expansion Unit at DCRTPP Yamuna Nagar.</p> |
| 08-Feb-2024 | Bajaj Finserv's arm reports 18% rise in gross direct premium underwritten in January | <p style="text-align: justify;">Bajaj Finserv's unlisted insurance subsidiary -- Bajaj Allianz General Insurance Company has reported gross direct premium underwritten of Rs 1,975.04 crore in the month of January 2024 as compared to Rs 1,674.41 crore in same period a year ago, i.e up by 17.95%. Besides, gross direct premium underwritten up-to-the month of January 2024 stood at Rs 17,515.16 crore. </p><p style="text-align: justify;">Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.</p> |
| 08-Feb-2024 | Bajaj Finserv's arm reports 32% rise in individual non-single premium during January 2024 | <p style="text-align: justify;">Bajaj Finserv's unlisted insurance subsidiary -- Bajaj Allianz Life Insurance Company has reported Individual non-single premium of Rs 539.34 crore in the month of January 2024, i.e. up by 31.93% Year-on-Year. In January 2023, the company had reported Individual non-single premium of Rs 408.81 crore. </p><p style="text-align: justify;">The company's Group single premium stood at Rs 334.26 crore in January 2024 as compared to Rs 217.23 crore in January 2023. The company has reported Individual single premium and Group yearly renewable premium of Rs 38.10 crore and Rs 39.15 crore respectively during January 2024. </p><p style="text-align: justify;">Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.</p> |
| 31-Jan-2024 | Bajaj Finserv jumps on reporting 21% rise in Q3 consolidated net profit | <p style="text-align: justify;">Bajaj Finserv is currently trading at Rs. 1618.00, up by 27.05 points or 1.70% from its previous closing of Rs. 1590.95 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1592.05 and has touched a high and low of Rs. 1622.35 and Rs. 1585.10 respectively. So far 58651 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1741.85 on 15-Dec-2023 and a 52 week low of Rs. 1216.10 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1640.05 and Rs. 1585.10 respectively. The current market cap of the company is Rs. 258150.09 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 60.69%, while Institutions and Non-Institutions held 15.40% and 23.91% respectively.</p><p style="text-align: justify;">Bajaj Finserv has reported results for third quarter ended December 31, 2023 (Q3FY24). </p><p style="text-align: justify;">The company has reported 10.95% fall in net profit at Rs 4.39 crore for the quarter ended December 31, 2023 as compared to Rs 4.93 crore for the same quarter in the previous year. However, total income of the company increased by 14.97% at Rs 57.30 crore for Q3FY24 as compared Rs 49.84 crore for corresponding quarter of the previous year.</p><p style="text-align: justify;">On consolidated basis, the company reported 21.08% rise in its net profit at Rs 2157.67 crore for Q3FY24 as compared to Rs 1782.02 crore for the same quarter in the previous year. Total income of the company increased by 33.48% at Rs 29038.43 crore for Q3FY24 as compared Rs 21755.35 crore for corresponding quarter of the previous year.</p> |
| 30-Jan-2024 | Bajaj Finserv reports 21% rise in Q3 consolidated net profit | <p style="text-align: justify;">Bajaj Finserv has reported results for third quarter ended December 31, 2023 (Q3FY24). </p><p style="text-align: justify;">The company has reported 10.95% fall in net profit at Rs 4.39 crore for the quarter ended December 31, 2023 as compared to Rs 4.93 crore for the same quarter in the previous year. However, total income of the company increased by 14.97% at Rs 57.30 crore for Q3FY24 as compared Rs 49.84 crore for corresponding quarter of the previous year.</p><p style="text-align: justify;">On consolidated basis, the company reported 21.08% rise in its net profit at Rs 2157.67 crore for Q3FY24 as compared to Rs 1782.02 crore for the same quarter in the previous year. Total income of the company increased by 33.48% at Rs 29038.43 crore for Q3FY24 as compared Rs 21755.35 crore for corresponding quarter of the previous year.</p> |
| 30-Jan-2024 | Bajaj Finserv's arm acquires 100% stake in Vidal Healthcare Services | <p style="text-align: justify;">Bajaj Finserv's wholly owned subsidiary -- Bajaj Finserv Health has acquired 100% stake in Vidal Healthcare Services (VHC). The acquisition of VHC significantly expands Bajaj Finserv's capabilities in the healthcare space, empowering it to service consumer needs for hospitalization, one of the largest healthcare spends categories. </p><p style="text-align: justify;">The acquisition now enables Bajaj Finserv Health to offer OPD, wellness, as well as hospitalization benefits to customers, thereby providing continuum of care. The acquisition also helps Bajaj Finserv Health play a pivotal role in various healthcare initiatives of the government and the insurance regulator.</p><p style="text-align: justify;">Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.</p><div style="text-align: justify;"><br></div> |
| 15-Jan-2024 | Bajaj Finserv's arm partners with Ujjivan Small Finance Bank | <p style="text-align: justify;">Bajaj Finserv's subsidiary -- Bajaj Markets has partnered with Ujjivan Small Finance Bank to offer the Bank's fixed deposits and earn up to 8.25% interest and an additional 0.50% interest for senior citizens. Investing in Ujjivan Small Finance Bank Fixed Deposits through Bajaj Markets presents a host of enticing features, an individual can invest an amount as low as Rs 1,000, making it accessible to a wide range of investors.</p><p style="text-align: justify;">Moreover, it offers remarkable flexibility, allowing individuals to choose between payouts at maturity or on a quarterly basis and even enabling investment in FDs without the need to open a savings account. The availability of various tenor options ensures that customers can align their investments with specific financial goals.</p><p style="text-align: justify;">Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.</p> |
