Bajaj Finserv Ltd Share Price – NSE  /  BSE

Finance, Mid Cap

Bajaj Finserv will hold a meeting of the Board of Directors of the Company on 24 July 2024.

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Bajaj Finserv Ltd is up for a third straight session in a row. The stock is quoting at Rs 1573.7, up 3.1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.78% on the day, quoting at 23226.9. The Sensex is at 76503.7, up 1.9%. Bajaj Finserv Ltd has dropped around 1.83% in last one month.

Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has dropped around 3.61% in last one month and is currently quoting at 21894.9, up 1.4% on the day. The volume in the stock stood at 14.96 lakh shares today, compared to the daily average of 13.72 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 1579, up 3.09% on the day. Bajaj Finserv Ltd is up 7.24% in last one year as compared to a 24.64% gain in NIFTY and a 14.23% gain in the Nifty Financial Services index.

The PE of the stock is 208.25 based on TTM earnings ending March 24.

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Bajaj Finserv has allotted 11,73,284 equity shares to Bajaj Finserv ESOP Trust under BFS-ESOS.

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Bajaj Allianz Life Insurance Company's total premium aggregated to Rs 689.09 crore for the month of April 2024, up 25.2% as against Rs 550.40 crore recorded in the same period a year ago.

Individual non-single premium were at Rs 43.90 crore (up 23.38% YoY) in April 2024. However, Individual single premium amounted to Rs 328.50 crore (up 22.18% YoY), Group single premium aggregated to Rs 193.34 crore (up 53.8% YoY) and Group yearly renewable premium added up to Rs 28.58 crore (up 2.59% YoY) in the month of April 2024.

Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 52.45% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.

The company's consolidated net profit jumped 20% to Rs 2118.53 crore in Q4 FY24 as compared with Rs 1768.95 crore in Q4 FY23. Total income increased 35.63% YoY to Rs 32041.93 crore in Q4 FY24.

The scrip added 0.21% to currently trade at Rs 1,615 on the BSE.

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