In the past three trading sessions, the stock has gained 16 per cent after the company announced their plan for stock split and bonus issue.
Both, Bajaj Finance and Bajaj Finserv, may enter a long-term bull run if the current levels are held decisively for few more sessions
The company is expected to post 25.8 per cent YoY growth in Q1 revenue, led by pick up in lending business coupled with continued healthy traction in premium accretion in insurance business.
The company's board will meet on July 28, 2022, to consider a proposal for the sub-division of equity shares of the Company and/or issue of fully-paid bonus equity shares
According to the technical analyst from Anand Rathi, Bajaj Finserve should be bought on rise above Rs 12,000, while one should consider buying LTTS on dips near Rs 3,000-mark.
Top 10 Sensex losers have tanked over 20 per cent, while 5 among these have plunged over 30 per cent since October 2021
Bajaj Finance Ltd, the lending arm of Bajaj Finserv, on Monday said it has raised fixed deposit interest rates on various tenors -- 24-60 months -- by up to 20 basis points (0.20 per cent). This will not include deposits of 44 months tenor, it added. The revised rates on Bajaj Finance FDs of up to 20 basis points are effective from June 14, 2022, and shall be applicable to fresh deposits and renewals of maturing deposits, the lender said in a release. With this, the depositors will earn 7.20 per cent cumulative return on deposits between 36 months to 60 months. Senior citizens can reap the benefit of up to 0.25 per cent higher FD rates, which will offer assured returns of 7.45 per cent for 36 months to 60 months, the company said. The non-banking finance company (NBFC) said it has also included special interest rates for all customers. "With special interest rate, one can now choose specific tenors to enjoy interest rates up to 7.35 per cent per annum." For a tenor of 44 months
The Bajaj and HDFC twins can rally up to 8 per cent provided the stocks manage to sustain above the following key technical levels on the daily and weekly charts.
In a chat with Business Standard's Nikunj Ohri and Arup Roychoudhury, the new CII president and Bajaj Finserv chairman Sanjiv Bajaj shared how to deal with global headwinds and increased input costs
Bajaj said that to counter inflationary pressures, the central and state governments should cut taxes on petrol and diesel further
He takes over from T V Narendran, CEO and managing director of Tata Steel Limited
Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)
Tracking an extremely weak trend in equities, the market capitalisation of BSE-listed firms tumbled Rs 5,10,150.97 crore to Rs 2,54,54,738.40 crore in initial deals.
At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.
Bajaj Finserv Ltd reports a 37 per cent jump in its consolidated net profit at Rs 1,346 crore for the fourth quarter ended in March 2022.
As of 06:50 AM, the SGX Nifty April futures quoted at 17,066. According to analysts, the April series has been one of the most volatile series for the Nifty in recent times. The options data.
The stocks of HDFC and Bajaj Group are not showing any exciting picture on tech charts at the moment
At 11:53 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up 4 per cent, as compared to a 2.3 per cent rise in the Nifty50 index.
"With digitisation, a less monolithic structure is relevant for the future. But at the same time, there is certain solidity to being a bank because of the regulatory regime", said Bajaj
In an interview with Business Standard's Surajeet Das Gupta, chairman and managing director of Bajaj Finserv, Sanjiv Bajaj, shares how he plans to take financial service business digital. Listen in