Baid Finserv shines on getting nod to strengthen presence in Gujarat, Maharashtra
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Baid Finserv is currently trading at Rs. 43.65, up by 1.51 points or 3.58% from its previous closing of Rs. 42.14 on the BSE.
The scrip opened at Rs. 43.49 and has touched a high and low of Rs. 45.24 and Rs. 40.66 respectively. So far 239327 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 45.24 on 16-Jun-2023 and a 52 week low of Rs. 16.00 on 19-Oct-2022.
Last one week high and low of the scrip stood at Rs. 45.24 and Rs. 35.70 respectively. The current market cap of the company is Rs. 524.10 crore.
The promoters holding in the company stood at 34.80%, while Non-Institutions held 65.20% stake in the company.
Baid Finserv has received an approval to further strengthen the presence of company and customer reach in Gujarat and Maharashtra by opening new branches. This step will further enhance the presence of the company in different geographical locations, enable it to penetrate new markets and expand its reach to a wider number of customers for offering and delivering financial services in transparent manner. The company has also intimated RBI regarding opening of new branches in Gujarat and Maharashtra. The Executive committee of Board of Directors of the Company at its meeting held on June 16, 2023 has approved the same.
Baid Finserv is engaged in the business of leasing and hire purchase, auto finance business, etc.
