Bajaj Finserv gains on good Q3 outcome

Bajaj Finserv unveiled Q3 December 2012 results at fag end of trading session on Tuesday, 15 January 2013, when the stock had settled 0.67% higher at Rs 873.65.

Meanwhile, the BSE Sensex was down 26.91 points or 0.13% at 19,959.91

On BSE, 26,889 shares were traded in the counter as against average daily volume of 52,305 shares in the past one quarter.

The stock hit a high of Rs 895.70 and a low of Rs 876.40 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 426.45 on 30 January 2012.

The stock had underperformed the market over the past one month till 15 January 2013, falling 6.98% compared with the Sensex's 3.47% rise. The scrip also underperformed the market in the past one quarter, gaining 2.49% as against Sensex's 6.8% rise.

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

Bajaj Finserv's consolidated income from operations rose 36% to 1120 crore in Q3 December 2012 over Q3 December 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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