Bajaj Finserv inches up amid volatility after good Q3 numbers

Bajaj Finserv rose 0.4% to Rs 726 at 15:18 IST on BSE after consolidated net profit rose 13% to Rs 281 crore on 24% growth in income from operations to Rs 1393 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced during trading hours today, 15 January 2014.

Meanwhile, the S&P BSE Sensex was up 253.59 points or 1.21% at 21,286.47.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 6,824 shares in the past one quarter.

The stock was volatile. The stock rose as much as 1.67% at the day's high of Rs 735.20 so far during the day. The stock lost as much as 3.05% at the day's low of Rs 701 so far during the day. The stock had hit a 52-week low of Rs 563.30 on 28 August 2013. The stock had hit a 52-week high of Rs 920 on 20 February 2013.

The stock had outperformed the market over the past one month till 14 January 2014, advancing 4.63% compared with the Sensex's 1.53% rise. The scrip had also outperformed the market in past one quarter, jumping 12.27% as against Sensex's 2.06% rise.

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

Bajaj Finserv's consolidated gross revenue rose 10% to Rs 4091 crore in Q3 December 2013 over Q3 December 2012.

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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