Bajaj Finserv gains as its arm reports gross direct premium underwritten of Rs 1,677.87 crore in August
Bajaj Finserv is currently trading at Rs. 1544.75, up by 25.45 points or 1.68% from its previous closing of Rs. 1519.30 on the BSE.
The scrip opened at Rs. 1525.05 and has touched a high and low of Rs. 1558.15 and Rs. 1525.05 respectively. So far 36104 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. 1216.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1558.15 and Rs. 1488.25 respectively. The current market cap of the company is Rs. 246678.53 crore.
The promoters holding in the company stood at 60.79%, while Institutions and Non-Institutions held 14.46% and 24.75% respectively.
Bajaj Finserv’s unlisted insurance subsidiary -- Bajaj Allianz General Insurance Company has reported gross direct premium underwritten of Rs 1,677.87 crore in the month of August 2023. Besides, gross direct premium underwritten up-to-the month of August 2023 stood at Rs 9,228.81 crore.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.
