Bajaj Finserv Ltd (BAJAJFINSV)

Bajaj Finserv Chairman Emphasizes Importance of Government Roadmap - 17 May, 2024

Sanjiv Bajaj, Bajaj Finserv chairman and MD, highlights the importance for businesses to know the government's roadmap with respect to political alignments in the next 10-20 years. He emphasizes that raising capital and building economies of scale takes time.

Bajaj Finserv CIO Recommends Long-Term Investment in Downturned Companies - 16 May, 2024

Nimesh Chandan, CIO at Bajaj Finserv Asset Management suggests investing in companies that have been going through a downturn for the last two to three years, particularly in banking or consumer sectors. He also recommends investing in chemicals and fast-moving consumer goods sectors with rural exposure, as well as sub-segments of pharma like contract research and manufacturing. In real estate, he believes there is still room for growth despite the recent rally.

Bajaj Finserv AMC Launches Multi-Asset Fund - 14 May, 2024

Bajaj Finserv Asset Management Company has launched the nation's first multi-asset fund with a dividend yield strategy. The new fund offer for the scheme will remain open until May 27, followed by subscription availability until or before June 6, 2024.

Bajaj Finserv Launches Two New Funds - 13 May, 2024

Bajaj Finserv has launched two new funds - Bajaj Finserv Nifty 1D Rate Liquid ETF and Bajaj Finserv Multi Asset Allocation Fund. The former is an open-ended exchange traded fund tracking Nifty 1D Rate Index with low interest rate risk and credit risk, while the latter invests in equity, debt, money market instruments, Gold ETFs, Silver ETFs, exchange traded commodity derivatives, REITs, and InvITs.

Bajaj Finserv Reports Strong Financial Results and Growth in Subsidiaries' Premiums - 07 May, 2024

Bajaj Allianz General Insurance underwrote a Gross Direct Premium of Rs 2,389 crore while Bajaj Allianz Life Insurance registered a new business premium of Rs 689 crore in April. Additionally, Bajaj Finserv reported a consolidated net profit jump of 20% YoY in Q4 FY24.

Bajaj Finserv Reports Strong Financials and Receives Buy Rating - 06 May, 2024

Bajaj Finserv reports strong financial results for FY24 and Q4FY24, with consolidated profit after tax up 27.0% YoY and revenues up 35.6% YoY. Sanjiv Bhasin recommends Bajaj Finserv as a top buy idea with a target of Rs 1850-1900 in the next two months. The target price is revised to INR 1,880 per share (earlier INR 1,925), maintaining a BUY rating.

RBI Lifts Ban on Lending Products, Bajaj Finserv Shares Surge - 03 May, 2024

Shares of Bajaj Finserv climbed nearly 5% after the Reserve Bank of India lifted restrictions on Bajaj Finance's sanctioning and disbursal of loans through eCOM and Insta EMI Card. The stock gained for three consecutive sessions and registered a volume of 1.76 lakh shares, a 2.79-fold increase over the two-week average daily volume.

Bajaj Finserv Beats Revenue Forecasts by 20% - 01 May, 2024

Bajaj Finserv Ltd. reported revenues of ₹1.1t, beating expectations by 20%. Analysts predict an 18% increase in revenue and a 21% surge in per-share earnings by 2025. The most bullish analyst values the stock at ₹2,040 per share while the most bearish prices it at ₹1,330.

Bajaj Finserv Q4 Results Show Strong Growth - 28 Apr, 2024

Bajaj Finserv's Q4 results reveal significant YoY growth in revenue and profit, with an EPS of ₹19.2, up by 31.17% YoY. The stock has also delivered positive returns in the last week.

Bajaj Finserv Q4 Net Profit Up 20% - 27 Apr, 2024

Bajaj Finserv reported a 20% increase in net profit for the quarter to March, mainly due to an increase in profit at its non-banking finance arm, Bajaj Finance. The company proposed a dividend of ₹1 per equity share for 2023-24. However, Bajaj Finserv shares fell 3.55% on the BSE.

Bajaj Finserv Reports Strong Q4 Results - 26 Apr, 2024

Bajaj Finserv reported a 20% YoY rise in consolidated net profit of Rs 2,119 crore for Q4 FY24. Bajaj Finance's Q4 net profit jumped 21% YoY to Rs 3,825 crore.

Bajaj Finserv Expected to Report Strong Q4 Results - 25 Apr, 2024

Bajaj Finserv is expected to report strong Q4FY24 results with analysts predicting significant YoY revenue growth and profit-after-tax jump due to the company's lending business.