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Bajaj Finserv gains after strong Q3 numbers

Capital Market / 10:31 , Jan 19, 2012

Bajaj Finserv rose 1.25% to Rs 475 at 10:29 IST on BSE after consolidated net profit jumped 59% to Rs 170 crore on 55% growth in total income to Rs 825 crore in Q3 December 2011 over Q3 December 2010.

The company announced the results after market hours on Wednesday, 18 January 2012.

Meanwhile, the BSE Sensex was up 140.66 points, or 0.85% to 16,592.13.

On BSE, 26,000 shares were traded in the counter as against average daily volume of 24,130 shares in the past one quarter.

The stock hit a high of Rs 484.85 and a low of Rs 470.95 so far during the day. The stock had hit a 52-week low of Rs 391.55 on 20 December 2011. The stock had hit a 52-week high of Rs 625 on 30 August 2011.

The stock had outperformed the market over the past one month till 18 January 2012, surging 12.1% compared with the Sensex's 6.2% return. The scrip had, however, underperformed the market in past one quarter, falling 11.19% as against 1.77% fall in the Sensex.

The mid-cap financial services company has an equity capital of Rs 72.34 crore. Face value per share is Rs 5.

Bajaj Finserv -- a holding company is the financial services arm of the Bajaj group with business interests in life insurance, general insurance, lending and financial advisory and wealth management through its various subsidiary companies.

 



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