Bajaj Finserv inches up as its arm provides access to range of gold loans from multiple lending partners
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Bajaj Finserv is currently trading at Rs. 1510.00, up by 1.50 points or 0.10% from its previous closing of Rs. 1508.50 on the BSE.
The scrip opened at Rs. 1501.15 and has touched a high and low of Rs. 1518.65 and Rs. 1483.80 respectively. So far 68926 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. 1483.80 respectively. The current market cap of the company is Rs. 240690.34 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 is granting one access to a range of gold loans from multiple lending partners. Interested individuals can apply for a loan against gold hassle-free on the platform after comparing various options. With competitive interest rates starting from 7.08% p.a., one can get affordable credit through this secured loan.
Individuals can enjoy high gold loan amounts per gram with LTVs (Loan-to-value) going up to 75% via lending partners such as Bajaj Finserv, Muthoot Fincorp One, indiagold, Muthoot Finance and Rupeek. The easy online application process on the platform allows one to apply for a loan against gold quickly and from the comfort of home.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.
