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Bajaj Finance tumbles on profit booking

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Capital Market

Bajaj Finance fell 3.37% to Rs 2,680 at 13:25 IST on BSE on profit booking after the stock rose 9.54% in the preceding four trading sessions to Rs 2,773.45 on 1 October 2014, from a recent low of Rs 2,531.95 on 25 September 2014.

Meanwhile, the BSE Sensex was down 177.07 points, or 0.67%, to 26,390.92.

On BSE, so far 639 shares were traded in the counter, compared with an average volume of 4,355 shares in the past one quarter.

The stock hit a high of Rs 2,791.75 and a low of Rs 2,662.60 so far during the day. The stock hit a record high of Rs 2,812.85 on 1 October 2014. The stock hit a 52-week low of Rs 1,165 on 3 October 2013.

 

The stock had outperformed the market over the past one month till 1 October 2014, rising 13.95% compared with 1.11% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 38.07% as against Sensex's 4.12% rise.

The large-cap company has an equity capital of Rs 50.14 crore. Face value per share is Rs 10.

Bajaj Finance's net profit surged 20% to Rs 211 crore on 34% growth in total income to Rs 1246 crore in Q1 June 2014 over Q1 June 2013.

Bajaj Finance offers secured and unsecured loan. The company provides two-and-three wheeler loan, consumer durable loan, personal loans, loan against property, small business loans, construction equipment loan and loan against securities.

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First Published: Oct 07 2014 | 1:26 PM IST

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