Bajaj Finance hits record high

Bajaj Finance surged 5.54% to Rs 8,643.05 at 12:46 IST on BSE after the company said that its board of directors will consider stock-split and bonus issue proposals at a meeting scheduled on 26 July 2016.

The announcement was made during market hours today, 11 July 2016.

Meanwhile, the S&P BSE Sensex was up 488.64 points or 1.8% at 27,615.54.

On BSE, so far 29,000 shares were traded in the counter as against average daily volume of 6,585 shares in the past one quarter. The stock hit a high of Rs 8,703 so far during the day, which is a record high for the counter. The stock hit a low of Rs 8,200 so far during the day. The stock had hit a 52-week low of Rs 4,678 on 23 September 2015. The stock had outperformed the market over the past one month till 8 July 2016, surging 5.46% compared with Sensex's 0.39% rise. The scrip had also outperformed the market in past one quarter, advancing 15.08% as against Sensex's 9.94% rise.

The large-cap company has equity capital of Rs 53.87 crore. Face value per share is Rs 10.

Bajaj Finance's net profit rose 36.4% to Rs 315.04 crore on 35.5% growth in total income to Rs 1957.45 crore in Q4 March 2016 over Q4 March 2015.

Bajaj Finance is a diversified non-banking financial company.

Powered by Capital Market - Live News