Bajaj Finserv gains as its arm reports 32% rise in individual non-single premium during January 2024
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Bajaj Finserv is currently trading at Rs. 1578.00, up by 7.30 points or 0.46% from its previous closing of Rs. 1570.70 on the BSE.
The scrip opened at Rs. 1575.75 and has touched a high and low of Rs. 1593.40 and Rs. 1570.20 respectively. So far 95923 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1741.85 on 15-Dec-2023 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. 1660.00 and Rs. 1565.25 respectively. The current market cap of the company is Rs. 250603.43 crore.
The promoters holding in the company stood at 60.69%, while Institutions and Non-Institutions held 15.40% and 23.91% respectively.
Bajaj Finserv’s unlisted insurance subsidiary -- Bajaj Allianz Life Insurance Company has reported Individual non-single premium of Rs 539.34 crore in the month of January 2024, i.e. up by 31.93% Year-on-Year. In January 2023, the company had reported Individual non-single premium of Rs 408.81 crore.
The company’s Group single premium stood at Rs 334.26 crore in January 2024 as compared to Rs 217.23 crore in January 2023. The company has reported Individual single premium and Group yearly renewable premium of Rs 38.10 crore and Rs 39.15 crore respectively during January 2024.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.
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