Bajaj Finance fell 0.99% to Rs 6,518.60 at 12:46 IST on BSE after the company said it has yesterday, 17 March 2016, allotted 1,370 secured redeemable non-convertible debentures aggregating to Rs 137 crore on private placement basis.
The announcement was made after market hours yesterday, 17 March 2016.Meanwhile, the S&P BSE Sensex was up 135.39 points or 0.55% at 24,812.76.
On BSE, so far 1,193 shares were traded in the counter as against average daily volume of 7,230 shares in the past one quarter. The stock hit a high of Rs 6,598 and a low of Rs 6,507.85 so far during the day. The stock had hit a record high of Rs 6,838 on 8 February 2016. The stock had hit a 52-week low of Rs 3,919 on 30 March 2015. The stock had outperformed the market over the past one month till 17 March 2016, surging 8.09% compared with Sensex's 5.54% rise. The scrip had also outperformed the market in past one quarter, advancing 15.04% as against Sensex's 4.37% fall.
The large-cap company has equity capital of Rs 53.87 crore. Face value per share is Rs 10.
Bajaj Finance said that the secured redeemable non-convertible debentures (NCDs) will be listed on the wholesale debt market (WDM) segment of BSE.
Bajaj Finance's net profit rose 58.1% to Rs 408.46 crore on 39.3% growth in total income to Rs 2069.62 crore in Q3 December 2015 over Q3 December 2014.
Bajaj Finance is a diversified non-banking financial company.
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