Bajaj Finserv rises as its arm collaborates with SBI General Insurance
Bajaj Finserv is currently trading at Rs. 1616.45, up by 5.80 points or 0.36% from its previous closing of Rs. 1610.65 on the BSE.
The scrip opened at Rs. 1612.00 and has touched a high and low of Rs. 1620.00 and Rs. 1608.45 respectively. So far 26966 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. 1189.90 on 18-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1635.00 and Rs. 1581.25 respectively. The current market cap of the company is Rs. 256889.28 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 joined hands with SBI General Insurance to offer consumers motor and health insurance plans. One can purchase SBI General Insurance policies starting at a nominal price of Rs 53 with coverage options ranging up to Rs 2 crore. These plans are available to purchase on the Bajaj Markets platform.
A consumer can choose from a wide range of insurance products that offer substantial coverage for up to 3 years. Moreover, the purchasing process on Bajaj Markets reflects convenience and promptness. One has to complete merely 5 steps to acquire the protection and security of a reliable insurance policy.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.
