Bajaj Finserv nears record high; stock rallies 16% in 6 days post Budget

Bajaj Finserv reported a gradual revival in lending business, while insurance business continued to show healthy performance, though sequential run rate witnessed moderation

Shares of Bajaj Finserv hit a fresh 52-week high of Rs 10,113, up 4 per cent on the BSE in the intra-day trade on Monday. The stock of the holding company for various financial services businesses of the Bajaj Group surpassed its previous high of Rs 9,996.75, touched on February 2, 2021. Besides, it was also trading close to its all-time high level of Rs 10,297, hit on December 18, 2019.

In the past six trading days, the stock has rallied 16 per cent after the government proposed to increase foreign direct investment in the insurance sector to 74