Bajaj Finserv gains as its arm partners with Kotak Mahindra Bank
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Bajaj Finserv is currently trading at Rs. 1528.45, up by 19.95 points or 1.32% from its previous closing of Rs. 1508.50 on the BSE.
The scrip opened at Rs. 1521.05 and has touched a high and low of Rs. 1552.75 and Rs. 1516.40 respectively. So far 53179 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1846.00 on 13-Sep-2022 and a 52 week low of Rs. 1077.70 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1552.75 and Rs. 1461.15 respectively. The current market cap of the company is Rs. 246735.08 crore.
The promoters holding in the company stood at 60.78%, while Institutions and Non-Institutions held 14.13% and 25.09% respectively.
Bajaj Finserv’s subsidiary -- Bajaj Markets has partnered with Kotak Mahindra Bank to offer interested individuals affordable financing through a personal loan. Applicants can get a Kotak Mahindra Bank Personal Loan of up to Rs 25 lakh for a tenure of up to 60 months at affordable interest rates, starting at 10.99% p.a. This loan places no restriction on usage and one can use the funds to finance a wedding, medical treatment, education, holidays and more. Individuals can apply for this personal loan easily through an entirely digital process with minimal documentation to enjoy quick access to funds.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.
