Bajaj Finance drops amid volatility after Q4 results

Bajaj Finance lost 0.73% to Rs 4,450 at 14:08 IST on BSE after net profit rose 26.84% to Rs 230.98 crore on 31.39% growth in total income to Rs 1445.05 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced during market hours today, 20 May 2015.

Meanwhile, the S&P BSE Sensex was up 206.98 points or 0.75% at 27,852.51.

On BSE, so far 10,000 shares were traded in the counter as against average daily volume of 4,392 shares in the past one quarter.

The stock was volatile. The stock fell as much as 1.95% at the day's low of Rs 4,394.90 so far during the day. The stock rose as much as 1.05% at the day's high of Rs 4,530 so far during the day. The stock had hit a record high of Rs 4,693.70 on 9 April 2015. The stock had hit a 52-week low of Rs 1,770.10 on 20 May 2014.

The stock had outperformed the market over the past one month till 19 May 2015, declining 0.77% compared with the Sensex's 2.8% fall. The scrip had also outperformed the market in past one quarter, rising 3.34% as against Sensex's 6.17% fall.

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

Bajaj Finance said that pursuant to the approval of the shareholders at an extra ordinary general meeting held today, 20 May 2015, the company's board of directors approved issuance of 9.25 lakh warrants on preferential basis to the promoter- Bajaj Finserv at an issue price of Rs 4,412 per warrant.

Bajaj Finance is a diversified non-banking financial company.

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