Page 5 - Bajaj Finserv

Bajaj Finserv net profit rises 21%; arm acquires Vidal Healthcare

Its consolidated total income rose by 33 per cent to Rs 29,038 crore in the quarter, from Rs 21,755 crore in the year-ago period.

Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services

On the deal, Pune-based Bajaj Finserv said that it aims to expand its capabilities in the healthcare sector in India

Bajaj Finserv Q3 results: Net profit increases by 22% to Rs 2,158 crore

Bajaj Finserv on Tuesday reported a 22 per cent increase in consolidated net profit to Rs 2,158 crore for the December quarter. The diversified financial services group had earned a net profit of Rs 1,782 crore in the year-ago period. The company's total income increased to Rs 29,038 crore in the third quarter of the ongoing fiscal from Rs 21.755 crore in the year-ago period, Bajaj Finserv said in a regulatory filing. Interest income during the quarter increased to Rs 13,922 crore as against Rs 10,430 crore in the same period a year ago. Total expenses also moved up to Rs 23,609 crore from Rs 17,336 crore in the same quarter a year ago. During the quarter, its subsidiary Bajaj Allianz Life Insurance Company posted shareholders' profit at Rs 108 crore from Rs 81 crore, registering an increase of 33 per cent. Non-life arm Bajaj Allianz General Insurance profit remained flat at Rs 281 crore as compared to Rs 278 crore in the year-ago period.

Equity market in bullish zone even as valuations rise: Bajaj Finserv AMC

The AMC's behavioural indicator, which tracks investors' behaviour in four markets - currency, commodity, bond and equity, has been showing a bullish signal since April 2023

Davos 2024: India on cusp of FDI flood, says Bajaj Finserv's Sanjiv Bajaj

'Ten years of this growth we have seen, at least another five years of a strong majority government will end up institutionalising those policies to a fair extent,' Bajaj said in an interview in Davos

Bajaj Finance's AUM post 35% growth, cross Rs 3 trn mark in Dec 2023

In Q3FY24, the company's AUM improved by nearly Rs 20,700 crore

Bajaj Group tops Rs 10 trn m-cap; Key levels to watch out on major stocks

Among individual shares, Bajaj Finance and Bajaj Finserv look ripe for further upside, while Bajaj Auto may witness some consolidation in the near-term, hint charts.

Choose Balanced Advantage Fund that changes equity-debt mix on time

But, these funds can lose money during severe market corrections

Unifi Capital gets nod for MF biz; Bajaj Finserv MF launches new fund

Newly-formed Bajaj Finserv Asset Management has announced the launch of a balanced advantage fund (BAF) - schemes that dynamically invest in both equity and debt

Bajaj Finserv Q2 consolidated net profit rises 24% to Rs 1,929 cr

Bajaj Finserv Ltd on Friday reported consolidated net profit of Rs 1,929 crore for the quarter ended September 30, up 24 per cent year-on-year. The company's profit after tax was at Rs 1,557 crore in the second quarter of the last financial year. Consolidated total income of Bajaj Finserv stood at Rs 26,023 crore in the second quarter of the fiscal, up 25 per cent from Rs 20,803 crore in the year-ago quarter, the company said in filing to stock exchanges. It further said Bajaj Finance Limited (BFL) recorded a quarterly increase in the customer franchise of 3.58 million and number of new loans booked at 8.53 million in the second quarter of fiscal 2023-24. "Its quarterly consolidated profit after tax increased by 28 per cent, while its wholly-owned subsidiary, BHFL, recorded growth of 47 per cent in profit after tax," the release said. Further, BFL's deposit book crossed a milestone of Rs 50,000 crore in the quarter. Bajaj Finance, consolidated profit after tax was at Rs 3,551 cro

Bajaj Finance picks 26% stake in fintech firm Pennant Technologies

Pennant will become a related party of Bajaj Finance after completion of deal

Bajaj Fin up 3% as nod for Rs10,000 cr fund raise; here's what analysts say

This capital raise could then be a tacit acknowledgment that Bajaj Finance is readying its capital ammunition for how the competitive landscape is going to evolve over next few years, said analyst.

Bajaj Finance to raise Rs 10,000 crore via QIP, preferential issue

Out of the total, Rs 8,800 crore will be raised via QIP and the remaining Rs 1,200 crore will be via preferential allotment of shares to Bajaj Finserv

Stocks to Watch today: Bajaj duo, LIC, JSW Infra, Adan Ent, HDFC Bank, DLF

Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore

Easing yields, oil prices lift Sensex 320 pts; Pharma stocks steal the show

Closing Bell on September 29, 2023: The Nifty50, on the other hand, gained 115 points to shut shop at 19.638. Sectorally, the Nifty Pharma index jumped the most, up 2.7 per cent

How Bajaj Finserv MF uses behavioural finance in investment philosophy

Here's how Bajaj Finserv Mutual Fund uses behavioural finance in its investment philosophy

Bajaj Finance plans to enter new car, MFI, tractor finance segments

Bajaj Finance is already into used car financing and is in the process of tying up with dealers for new four-wheeler financing

Focus on behavioural aspects to be our key differentiator: Nimesh Chandan

Megatrends investing strategy is suited for a flexicap fund as it selects companies that have strong growth potential based on the long-term changes in the businesses, says Nimesh Chandan

How to trade Bajaj Finance and Bajaj Finserv post Q1FY24 earnings?

Trend in Bajaj twins remains sluggish and may slide in bear's grip if key levels are breached

Bajaj Finserv Q1 results: Consolidated net profit up 48% to Rs 1,943 crore

The interest income rose to Rs 12,130 crore in Q1FY24 from Rs 8,971 crore in Q1FY23