Bajaj Finance trades higher on partnering with BYD India for dealer finance, vehicle loans
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Bajaj Finance is currently trading at Rs. 7110.00, up by 19.65 points or 0.28% from its previous closing of Rs. 7090.35 on the BSE.
The scrip opened at Rs. 7080.05 and has touched a high and low of Rs. 7193.90 and Rs. 7080.05 respectively. So far 22289 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 7777.00 on 22-Sep-2022 and a 52 week low of Rs. 5340.05 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 7193.90 and Rs. 6947.15 respectively. The current market cap of the company is Rs. 432998.48 crore.
The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 32.15% and 11.93% respectively.
Bajaj Finance has partnered with Chinese electric vehicle maker BYD's subsidiary BYD India. The strategic partnership aims to provide comprehensive vehicle financing solutions to BYD dealers and customers across India, fostering the widespread adoption of electric vehicles (EVs) in the country.
Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.
