Page 5 - Bajaj Finserv

Bajaj Finserv Q1 results: Net profit increases 10% to Rs 2,138 crore

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 Q1 results: Net profit increases 10% to Rs 2,138 crore

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.

Jigar S Patel of Anand Rathi recommends buying these three stocks today

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.

Bajaj Finserv AMC announces launch of Savings+ product for retail investors

Investors can use surplus cash in savings accounts to invest in Bajaj Finserv Liquid Fund and Bajaj Finserv Overnight Fund

Stocks to watch, July 9: Dixon Tech, Swan Energy, Bajaj Finserv, Senco Gold

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

Market at record high but a fifth of Nifty 500 stocks trade below 200-DMA

The 200-DMA is a key long-term moving average in determining a bullish and bearish trend for any stock or underlying index.

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Bajaj Finserv MF adds to variety in multi-asset allocation category

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Stocks to watch, May 7: Wipro, Bajaj Finserv, Zee Media, Muthoot Microfin

Stocks to Watch on May 7, 2024: Wipro partnered with Microsoft to introduce a suite of Generative AI-powered virtual assistants for financial services

Bajaj Finance, YES Bank, Mazagon Dock among 6 buzzing stocks to watch today

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 Q4 results: Profit rises 20%, total income at Rs 32,042 cr

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

Bajaj Finance tumbles 5%, hits 10-month low; extends YTD weakness to 15%

Shares of Bajaj Finance settled 4.17 per cent lower on Tuesday at Rs 6,325.25 per share, amid a sharp downturn in the second half of the session

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.

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