Based in Milwaukee, Wisconsin, Sundaram's LinkedIn page states that he is the Executive Vice President for Manufacturing at the moment.
One-time exceptional charges also marginally hurt the company's bottom line; after deducting them, net profit was $14.3 million.
In contrast to experts' projections of a mid-single-digit increase, the company's volumes were flat.
Bajaj Finserv's customer franchise grew significantly, adding 3.58 million customers.
Recommendation: Buy; Target Price: Rs 395
Recommendation: Reduce; Target Price: Rs 182
Recommendation: Buy; Target Price: Rs 436
By the end of day 2, the IPO was oversubscribed by 1.32 times.
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