Bajaj Finserv gains after block deals

A block deal of 5.13 lakh shares was executed at Rs 900 per share at 10:45 IST. Another block deal of 2.76 lakh shares was executed at Rs 900 per share at 10:46 IST. The block deals constitute 0.49% of Bajaj Finserv's equity.

Meanwhile, the BSE Sensex was up 106.79 points or 0.55% at 19,361.88.

On BSE, 8.12 lakh shares were traded in the counter as against average daily volume of 35,438 shares in the past one quarter.

The stock hit a high of Rs 918.90 and a low of Rs 880.25 so far during the day. The stock had hit a 52-week high of Rs 979.40 on 5 October 2012. The stock had hit a 52-week low of Rs 408.76 on 4 January 2012.

The stock had underperformed the market over the past one month till 24 December 2012, rising 2.84% compared with the Sensex's 4.04% rise. The scrip had, however, outperformed the market in past one quarter, surging 7.41% as against Sensex's 3.12% gain.

The large-cap company has equity capital of Rs 79.57 crore. Face value per share is Rs 5.

Bajaj Finserv's consolidated net profit jumped 37.1% to Rs 216.84 crore on 41.2% growth in total income to Rs 1008.12 crore in Q2 September 2012 over Q2 September 2011.

Bajaj Finserv is a holding company and the financial services arm of the Bajaj group with business interest in 'Protection', 'Lending', and 'Financial advisory and 'Wealth management' through its various associate and subsidiary companies.

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