If this happens, Bajaj Finance will be the sole remaining Bajaj group stock in the 30-share Sensex, following the removal of Bajaj Auto in December 2021
Says shareholders should expect a business that grows with high quality and high level of corporate governance
Technical chart flag caution at the Bajaj twin counters owing to formation of a 'Bearish Engulfing' candlestick pattern on the daily scale; check key support, resistance levels here
Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.
Adding to the buzz, the shares of Bajaj Housing Finance are commanding a strong premium in the grey market on the first day of its opening
Lupin stock has breached its previous ATH price of 10 years on the monthly chart with massive buying volumes which suggests very bullish sentiment.
Special shareholder quota for Bajaj Finserv, Bajaj Finance shareholders
Bajaj Finserv Large Cap Fund will have a concentrated portfolio with a 'high conviction' stock selection approach
Cumulative losses from emerging businesses; Bajaj Finserv Health, Bajaj Finserv Direct and Bajaj AMC were Rs 119 crore as against Rs 82 crore in Q1 FY24
Bajaj Finserv Ltd (BFL) on Wednesday reported 10 per cent increase in consolidated net profit at Rs 2,138 crore for the first quarter ended June 2024. The company had logged a net profit of Rs 1,943 crore in the year-ago period. Total income during the quarter increased to Rs 31,480 crore from Rs 23,280 crore in the year-ago period, BFL said in a regulatory filing. BFL is the holding company for various financial services businesses under the Bajaj group. Total expenditure also rose to Rs 25,514 crore from Rs 18,157 crore in the same quarter a year ago. During the quarter, its subsidiary Bajaj Allianz General Insurance reported 39 per cent jump in profit to Rs 576 crore. Another subsidiary Bajaj Allianz Life Insurance's profit increased to Rs 104 crore from Rs 94 crore in the same quarter a year ago.
From a technical standpoint, the daily chart has revealed an inverse head and shoulders pattern with a neckline at Rs 1,620 & Bajaj Finserv stock is holding steady above this level around Rs 1,640.
Investors can use surplus cash in savings accounts to invest in Bajaj Finserv Liquid Fund and Bajaj Finserv Overnight Fund
Stocks to watch on July 9: Three Blackrock affiliates acquired a stake worth Rs 304 crore in Swan Energy through open market transactions on Monday
The 200-DMA is a key long-term moving average in determining a bullish and bearish trend for any stock or underlying index.
NFOs provide investors with the opportunity to invest in a fund from its inception, offering benefits such as low initial investment, unique investment themes, and potential for future growth
Takes the dividend yield route to differentiate in the emerging hybrid category
Stocks to Watch on May 7, 2024: Wipro partnered with Microsoft to introduce a suite of Generative AI-powered virtual assistants for financial services
Stocks to Watch on May 3, 2024: The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance's two products 'eCOM' and online digital 'Insta EMI Card', with immediate effect
Bajaj Finserv Ltd (BFL) on Friday reported a 20 per cent increase in consolidated net profit to Rs 2,119 crore for the March quarter. The company had posted a net profit of Rs 1,769 crore in the year-ago period. The total consolidated income during the fourth quarter of FY24 increased to Rs 32,042 crore, as against Rs 23,625 crore in the year-ago period, BFL, the holding company for the various financial services businesses under the Bajaj group, said in a regulatory filing. The Board of Directors has recommended a dividend of Re 1 (100 per cent) per equity share of face value of Re 1, for the financial year ended March 31, 2024. The total amount of dividend outgo would be Rs 159.55 crore as compared to Rs 127.43 crore in the previous fiscal. For the financial year 2023-24, the company witnessed a 27 per cent increase in profit to Rs 8,148 crore, as against Rs 6,417 crore in the previous fiscal. The total consolidated income rose to Rs 1,10,383 crore, as against Rs 82,072 crore i