Bajaj Finserv gained 3.82% to Rs 3,392.30 at 10:51 IST on BSE after consolidated net profit rose 30.52% to Rs 575.75 crore on 34.9% rise in total income to Rs 2999.84 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 27 October 2016.Meanwhile, the S&P BSE Sensex was up 30.91 points or 0.11% at 27,946.81
On BSE, so far 44,000 shares were traded in the counter as against average daily volume of 21,772 shares in the past one quarter. The stock hit a high of Rs 3,400 and a low of Rs 3,289 so far during the day. The stock had hit a record high of Rs 3,443 on 19 October 2016. The stock had hit a 52-week low of Rs 1,575.70 on 23 February 2016. The stock had outperformed the market over the past 30 days till 27 October 2016, rising 1.14% compared with 1.33% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.15% as against Sensex's 0.48% decline.
The large-cap stock has equity capital of Rs 79.57 crore. Face value per share is Rs 5.
Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. The company participates in financing business through its 57.28% holding in Bajaj Finance and in the protection business through its 74% holding in Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). Bajaj Finserv holds 92.50 lakh warrants convertible into equity shares of Bajaj Finance on or before 1 December 2016. When exercised, the holding of Bajaj Finserv in Bajaj Finance will increase from 57.28% to 58%.
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