Bajaj Finserv gains on reporting a rise in Q1 consolidated net profit

Bajaj Finserv is currently trading at Rs. 6880.90, up by 97.90 points or 1.44% from its previous closing of Rs. 6783.00 on the BSE.

The scrip opened at Rs. 6761.00 and has touched a high and low of Rs. 6954.25 and Rs. 6626.10 respectively. So far 18073 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 8577.05 on 05-Jul-2019 and a 52 week low of Rs. 4960.00 on 24-Oct-2018.

Last one week high and low of the scrip stood at Rs. 7556.00 and Rs. 6626.10 respectively. The current market cap of the company is Rs. 109363.91 crore.

The promoters holding in the company stood at 60.71%, while Institutions and Non-Institutions held 15.15% and 24.14% respectively.

The company has reported 91.95% fall in its net profit at Rs 0.49 crore for the first quarter ended June 30, 2019, as compared to Rs 6.09 crore for the same quarter in the previous year. Total income of the company decreased by 9.26% at Rs 31.54 crore for Q1FY20 as compared Rs 34.76 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 2.37% in its net profit at Rs 845.34 crore for the quarter under review as compared to Rs 825.77 crore for the same quarter in the previous year. Total income of the company increased by 39.92% at Rs 12272.26 crore for Q1FY20as compared Rs 8771.06 crore for the corresponding quarter previous year.

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