Stocks to Buy, July 24: Ajit Mishra of Religare Broking suggests buying Ashok Leyland, Bajaj Finserv and Jindal Steel
From the Sensex Pack, Bajaj twins, Hindustan Unilever. Eternal (Zomato), Infosys and BEL were among the top gainers.
Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected
Among the said list of companies, automaker Swaraj Engines has declared the highest dividend, announcing a final dividend of ₹104.5 per share for financial year 2024-25 (FY25)
Among the said list of companies, automaker Swaraj Engines has declared the highest dividend, announcing a final dividend of ₹104.5 per share for financial year 2024-25 (FY25)
The contribution of small-caps to the overall market-cap has grown 1.4 times over the last three years, the Bajaj Finserv AMC note said.
Jamnalal Sons and Bajaj Holdings sold 28.6 million shares of Bajaj Finserv at ₹1,925.2 apiece, with mutual funds and foreign investors among buyers, market watchers suggest proceeds fund Allianz stake
As many as 28.6 million shares representing 1.79 per cent equity of Bajaj Finserv worth ₹5,506 crore changed hands in block deals on the NSE on Friday, the exchange data shows.
Promoter entities Jamnalal Sons and Bajaj Holdings will sell 31 million shares at a 3.3% discount, with Kotak Securities managing the share sale
The block deal involves selling 25.3 million shares at ₹1,880 apiece, with an upsize option of ₹1,080 crore that could take the total deal size to ₹5,830 crore
CCI approved the acquisition of Bajaj Allianz Life Insurance Company, Bajaj Allianz General Insurance Company, and Bajaj Allianz Financial Distributors
Technical charts indicate that Bajaj Finance and Bajaj Finserv are threatening to trigger a sell call; post which these stocks can decline up to 11 per cent from present levels.
Bajaj Finserv Ltd (BFL) on Tuesday reported a 14 per cent increase in its consolidated net profit to Rs 2,417 crore in the fourth quarter ended March 2025. The company had posted a net profit of Rs 2,119 crore during the corresponding January-March period of the previous fiscal. The total consolidated income during the March 2025 quarter rose to Rs 35,596 crore against Rs 32,042 crore in the corresponding period of the previous financial year, BFL, the holding company for the various financial services businesses under the Bajaj group, said in a regulatory filing. The board recommended a dividend of Re 1 per share or 100 per cent on the face value of Re 1. The proposed dividend is to be approved by the shareholders at the ensuing Annual General Meeting. For the financial year 2024-25, the company witnessed a 9 per cent increase in profit at Rs 8,872 crore over Rs 8,148 crore in the previous fiscal. The total consolidated income rose to Rs 1,33,822 crore compared to Rs 1,10,383 cr
Q4 FY25 company results today: Bajaj Finserv, CEAT, IndiaMart, PSB, Schaeffler India, and Shoppers Stop will be among 42 companies to post earnings reports for the January-March quarter on Apr 29
If successful, Bajaj Group's acquisition of Allianz would mark the largest transaction in India's insurance industry to date
Bajaj Finserv AMC launches Nifty 50 & Next 50 Index Funds, offering low-cost, transparent access to India's top 100 stocks, ideal for long-term investors seeking steady equity growth
Bajaj Finserv shares gained 2% to ₹1,955.50 on the BSE in Tuesday's intra-day trade and quoted close to its record high level of ₹2,029 touched on September 27, 2024.
In next 10-15 years, India needs around four large capable, mature NBFCs, says Bajaj Finserv's Chairman and Managing Director Sanjiv Bajaj
The deal strengthens Bajaj Finserv's control, enhances strategic flexibility, and positions it for long-term growth in expanding insurance market, ICICI Securities said in a note.
Stocks to Watch on Tuesday: Bajaj Finserv, IndusInd Bank, Vedanta, Tata Motors, Zomato and Hindustan Unilever are among the top stocks to watch today, March 18, 2025