Bajaj Finserv rises after its arm partners with YES Bank
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Bajaj Finserv is currently trading at Rs. 1551.10, up by 10.50 points or 0.68% from its previous closing of Rs. 1540.60 on the BSE.
The scrip opened at Rs. 1541.50 and has touched a high and low of Rs. 1551.90 and Rs. 1540.50 respectively. So far 29630 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. 1504.30 respectively. The current market cap of the company is Rs. 247500.20 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 subsidiary -- Bajaj Markets has partnered with YES Bank to provide individuals with a hassle-free way of opening a Fixed Deposit (FD) account online. A YES Bank FD offers returns of up to 7.75% p.a. to regular investors and up to 8.25% p.a. to senior citizens.
These rates are in line with the recent revisions in FD rates by YES Bank, with effect from May 2, 2023, and are applicable on FDs booked for a duration of 18-36 months. Investors can start their savings journey with Rs 10,000 and choose to receive their interest earnings on a monthly or quarterly basis, or at maturity.
To book a YES BANK FD, investors can simply visit the website or download the Bajaj Markets app. The platform also helps individuals create a diversified investment portfolio with other avenues to grow wealth as well.
