Bajaj Finance corrects on profit booking

Bajaj Finance fell 1.60% to Rs 4,460 at 12:10 IST on BSE on profit booking after the stock rose 14.82% in the preceding eight trading sessions to Rs 4,532.30 on 10 April 2015, from a recent low of Rs 3,947.30 on 27 March 2015.

Meanwhile, the BSE Sensex was up 43.51 points, or 0.15%, to 28,922.89.

On BSE, so far 624 shares were traded in the counter, compared with an average volume of 7,677 shares in the past one quarter.

The stock hit a high of Rs 4,500 and a low of Rs 4,405 so far during the day. The stock hit a 52-week high of Rs 4,693.70 on 9 April 2015. The stock hit a 52-week low of Rs 1,710 on 15 May 2014.

The stock had outperformed the market over the past one month till 10 April 2015, rising 8.26% compared with 0.59% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 31.72% as against Sensex's 5.18% rise.

The large-cap company has an equity capital of Rs 50.15 crore. Face value per share is Rs 10.

Bajaj Finance's net profit surged 33.08% to Rs 258.38 crore on 37.34% increase in total income to Rs 1485.39 crore in Q3 December 2014 over Q3 December 2013.

Bajaj Finance is a diversified non-banking financial company.

Powered by Capital Market - Live News