Latest news with #BajajFinservLtd
Business Standard
10-07-2025
- Business
- Business Standard
Bajaj Finserv Ltd up for fifth session
Bajaj Finserv Ltd is quoting at Rs 2034, up 0.38% on the day as on 12:44 IST on the NSE. The stock is up 28.1% in last one year as compared to a 4.41% spurt in NIFTY and a 14.63% spurt in the Nifty Financial Services. Bajaj Finserv Ltd is up for a fifth straight session today. The stock is quoting at Rs 2034, up 0.38% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.34% on the day, quoting at 25389.45. The Sensex is at 83306.65, down 0.27%. Bajaj Finserv Ltd has risen around 1.05% in last one month. Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has risen around 0.98% in last one month and is currently quoting at 27058.45, down 0.02% on the day. The volume in the stock stood at 6.26 lakh shares today, compared to the daily average of 16.95 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 2045.2, up 0.51% on the day. Bajaj Finserv Ltd is up 28.1% in last one year as compared to a 4.41% spurt in NIFTY and a 14.63% spurt in the Nifty Financial Services index. The PE of the stock is 207.58 based on TTM earnings ending March 25.
Business Standard
26-06-2025
- Business
- Business Standard
Bajaj Finserv Ltd spurts 0.9%, gains for fifth straight session
Bajaj Finserv Ltd is quoting at Rs 2030, up 0.9% on the day as on 12:44 IST on the NSE. The stock is up 26.63% in last one year as compared to a 5.65% jump in NIFTY and a 14.66% jump in the Nifty Financial Services. Bajaj Finserv Ltd is up for a fifth straight session today. The stock is quoting at Rs 2030, up 0.9% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. Bajaj Finserv Ltd has gained around 0% in last one month. Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has gained around 2.53% in last one month and is currently quoting at 26851.2, up 0.89% on the day. The volume in the stock stood at 8.79 lakh shares today, compared to the daily average of 19.63 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 2031.6, up 1.18% on the day. Bajaj Finserv Ltd is up 26.63% in last one year as compared to a 5.65% jump in NIFTY and a 14.66% jump in the Nifty Financial Services index.
Mint
26-06-2025
- Business
- Mint
Nagaraj Shetti suggests Bajaj Finserv, Tata Steel shares to buy in the short term; do you own?
Stock market today: Equity benchmark indices Sensex and Nifty 50 experienced a surge on Thursday, continuing their upward trend for the third consecutive day, fueled by optimism following a ceasefire between Iran and Israel. The 30-share BSE Sensex increased by 398.09 points, reaching 83,153.60 at 12:55 IST. The 50-share NSE Nifty 50 rose by 128.45 points to hit 25,372.05. According to market analysts, as geopolitical risks diminish, investors are now shifting their attention back to the US Federal Reserve and the upcoming US trade tariff deadline set for July 9. On technical front, Nagaraj Shetti of HDFC Securities believes the next upside levels to be watched around 25,600 and immediate support is placed at 25,250. Shetti recommends two stocks to buy in the short-term. Here's what he says about the overall market. Nifty 50 continued its upside momentum on Thursday and is currently showing minor volatility at the swing highs of around 25,400. The broader high low range of 24,500-25,200 has been taken out on the upside recently and Nifty 50 is currently trading at the highs. This price action could be considered as an upside breakout of broader high low range movement. The next upside levels to be watched around 25,600 and immediate support is placed at 25,250. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - Bajaj Finserv Ltd, and Tata Steel Ltd. After showing a range bound action over the last few weeks, the stock price is currently in an attempt of decisive upside breakout of downside sloping trend line. The stock price is sustaining above the daily 10 & 20 period EMA. The overall chart pattern indicates bullish setup. After witnessing an upside breakout of the down sloping trend line at ₹ 154 recently, the metal stock has been in a sustainable upmove since then in the last couple of sessions. The current price action indicates a formation of bullish pattern like higher tops and bottoms. The volume and RSI shows positive indication for the near term. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
10-06-2025
- Business
- Time of India
Bajaj Finserv appoints Kotak's veteran fund manager Lakshmi Iyer as President of Investments
Bajaj Finserv Ltd has appointed of Lakshmi Iyer as Group President of Investments, effective August 1, 2025, the company announced in a stock exchange filing on Tuesday. She was a veteran fund manager at Kotak Mahindra Bank for nearly two decades, serving as a CEO of Investments and Strategy. Iyer brings to the table 27 years of experience in financial services across numerous sectors - wealth advisory, strategy and product solutions spanning fixed income, real estate, and alternates. She holds an MBA degree in finance from Narsee Monjee Institute of Management Studies . She has also been recognized by Asian Investor publication as one of Asia's 25 most influential women in asset management. Live Events The position is currently held by Purav Jhaveri who is the current President of Investments at Bajaj Finserv Ltd., who has been serving the organization since 2020. Jhaveri was previously working with Franklin Templeton Investments , USA as MD of investment strategy and portfolio management. He is an industry veteran since 1994. He is also a member of CII National Committee on Financial Markets . Shares of Bajaj Finserv Ltd. were trading at 1996.35, down by 1.02% at BSE.
Mint
05-06-2025
- Business
- Mint
Bajaj Finserv promoters to sell up to 1.9% stake worth ₹5,828 cr via block deal
Jamnalal Sons Pvt. Ltd and Bajaj Holdings & Investment Ltd, both part of Bajaj Finserv Ltd's promoter group, are slated to offload up to 31 million shares, representing a 1.9% stake in the company, via block deals, according to the term sheet of the transaction. Bajaj Finserv Ltd is the holding company for the financial services businesses of the Bajaj Group. As of March 2025, promoter entities held approximately 60.64% stake in the company, as per the shareholding data on BSE. The document showed that the base deal is worth ₹ 4,750 crore with an option to increase the transaction by ₹ 1,078 crore, which allows the sellers to sell extra shares if there is strong demand. The indicative floor price for this deal is set at ₹ 1,880 per equity share, which implies a 3.3% discount to Thursday's closing price of ₹ 1,943.50 on the BSE, as per the term sheet. Kotak Securities is handling the transaction. Bajaj Finserv Ltd reported a 14% year-on-year rise in consolidated net profit to ₹ 2,417 crore for the quarter ended March 2025. Total consolidated income for the quarter grew to ₹ 35,596 crore, compared to ₹ 32,042 crore in the January–March quarter of the previous fiscal. According to a 5 May report by Mirae Asset Sharekhan, Bajaj Finance's earnings growth was healthy (in-line) at 19% year on year, but the management has revised guidance for FY26 slightly on the lower side with respect to the return ratio and assets under management growth. The brokerage believes strong growth visibility in the lending business and a healthy medium to long-term outlook for both insurance businesses could act as a positive trigger for strong consolidated earnings going forward. Moreover, scaling up of the new business would further support performance, which has not been factored in the brokerage's valuation. Mirae Asset Sharekhan has a 'buy' rating on the stock with a target price of ₹ 2,350. Kotak Institutional Equities also remains positive about Bajaj Finserv's ability to steer business to gain market share and profitability. 'With a complete stake in the insurance ventures at the group and the group's star CEO, Rajeev Jain, joining the Board (though in a non-executive capacity), we expect the transformation exercise at group companies to gather momentum,' highlighted the Kotak report dated 1 May. That said, any decline in the performance of its subsidiaries could weigh on the company's earnings growth and overall profitability.
