Bajaj Finserv Mutual Fund will launch a comprehensive set of products across fixed-income, hybrid, and equity categories
The newest fund house is planning to float two equity and two hybrid schemes and one debt scheme
Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.
Philippines has been increasingly coming under the lens of the Financial Action Task Force, and has already been designated as an FATF grey list country
Bajaj Finance has a retail presence that's unlike any other non-banking finance company
Ganesh Mohan named CEO, Nimesh Chandan to head investment team
Bajaj Finserv MF aims to create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company
Bajaj Finserv, holding company of Bajaj Group's financial services businesses, on Monday reported a 42 per cent growth in consolidated net profit at Rs 1,782 crore in the quarter ended December 2022, on high double-digits revenue growth. The Pune-based company, which is into retail lending, life and general insurance, and wealth management, among others, said its consolidated revenue grew 23 per cent to Rs 21,755 crore during the reporting quarter. Its flagship Bajaj Finance recorded highest ever quarterly profit after tax of Rs 2,973 crore, up 40 per cent on-year, while its wholly-owned subsidiary Bajaj Home Finance recorded a growth of 81 per cent in net profit. Bajaj Allianz General Insurance gross written premium grew 29 per cent to Rs 3,821 crore, while the life insurer Bajaj Allianz Life recorded a growth of 22 per cent in individual rated new business premium at Rs 2,289 crore, down from Rs 2,377 crore. Its individual rated new business premium rose 22 per cent to Rs 1,255 .
Check out the trading strategies in these frontline counters in a choppy market.
The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the sell-off could intensify.
Bajaj Finance acquired 3.1 million new customers (v/s 2.6 million acquired in Q2FY23). The new customer acquisition run-rate was healthy in Q3FY23.
Bajaj said even in states where it is the same party ruling as the Centre, one doesn't see the same level of focus, energy and interest
The company had fixed September 14, 2022 as the 'Record Date' for the purpose of determining the members, eligible for the sub-division of existing equity shares, and issue of bonus equity shares.
After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 points or 0.08 per cent lower at 59,196.99.
In the past three months, Bajaj Finserv has outperformed the market by surging 30 per cent, as compared to 4.5 per cent rise in the S&P BSE Sensex
On July 28, 2022, Bajaj Finserv's board had approved 1:1 bonus issue and 1:5 stock split.
Bajaj Finserv on Thursday reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June 30, on healthy earnings by its subsidiary companies.
Shares of Bajaj Finserv on Thursday zoomed over 10 per cent after the company reported a 57 per cent jump in net profit in the June quarter. The stock rallied 10.14 per cent to Rs 14,652.30 apiece on the BSE. During the day, it climbed 11.08 per cent to Rs 14,777.85. On the NSE, it advanced 10.09 per cent to Rs 14,650 apiece. The company's market valuation also jumped Rs 21,681.19 crore to Rs 2,33,383.19 crore on the BSE. On Thursday, Bajaj Finserv reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June, on healthy earnings by its subsidiary companies. In the year-ago period, the company had posted a net profit of Rs 833 crore. Company's consolidated total income during April-June period of 2022-23 was up 14 per cent to Rs 15,888 crore, Bajaj Finserv said in a regulatory filing.
Bajaj Finserv on Thursday reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June 30, on healthy earnings by its subsidiary companies.
CLOSING BELL: Tata Steel, Kotak Bank, IndusInd Bank, Nestle, Infosys, Asian Paints, and Tech M were the other outperformers, up between 3 per cent and 4.6 per cent