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    BAJAJFINSV   INE918I01026

BAJAJ FINSERV LTD.

(BAJAJFINSV)
  Report
Delayed NSE India Stock Exchange  -  06:25 2022-12-05 am EST
1634.20 INR   -0.51%
11/29Strong FMCG, Metal Stocks Help Indian Equities Extend Winning Run; Hindustan Unilever Rises 4%
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11/10Indian Indices End in Red for Second Consecutive Day; Tata Motors Drops 5%
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11/04Indian Indices Close Higher; Adani Enterprises Jumps 6%
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Bajaj Finserv lifts Indian shares as investors look past inflation uptick

09/13/2022 | 01:03am EST

BENGALURU, Sept 13 (Reuters) - Indian shares vaulted to a five-month high on Tuesday, driven by sharp gains in Bajaj Finserv and HDFC Life Insurance, as investors looked past a higher-than-expected inflation print.

The NSE Nifty 50 index was up 0.65% at 18,053, as of 0441 GMT, while the S&P BSE Sensex rose 0.65% to 60,503.02. Both indexes were set for their fourth straight session of advances.

Bajaj Finserv, a holding company for financial services businesses, surged as much as 7.6%, ahead of the record date for a stock split and bonus issue of shares.

Shadow lender Bajaj Finance, which is held by Bajaj Finserv, advanced 2.2%.

HDFC Life Insurance Company jumped 4.7% to its highest since June 9. Reuters reported on Tuesday that British asset manager abrdn plc would sell a stake in HDFC Life through a block trade on Tuesday.

The gains outweighed concerns over inflation accelerating to 7% in August, above both the 6.9% forecast in a Reuters poll of economists and July's 6.71%.

Higher-than-expected inflation may put pressure on the central bank to hike interest rates again later this month.

Meanwhile, industrial output in July rose a slower-than-expected 2.4%.

"A weak industrial print and CPI above the RBI's comfort zone are being weighed against continuous foreign investor buying, weak oil prices and a weakening dollar index," said Ajay Bodke, an independent market analyst.

"Risk aversion towards emerging markets is receding," Bodke added.

Aiding sentiment was a strong finish on Wall Street overnight and gains in Asian peers on Tuesday.

Investors are also eyeing U.S. inflation data that will give cues for interest rate outlook, and hopes are that it might offer another signal that inflation has peaked.

Meanwhile in domestic markets, Vedanta rose 1.9% to a mid-June high after Reuters reported the company had selected Indian Prime Minister Narendra Modi's home state of Gujarat for its semiconductor project. (Reporting by Chris Thomas in Bengaluru; Editing by Neha Arora)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ABRDN PLC 1.41% 204.4 Delayed Quote.-16.27%
BAJAJ FINANCE LIMITED -0.23% 6660.45 Delayed Quote.-4.32%
BAJAJ FINSERV LTD. -0.51% 1634.2 Delayed Quote.0.12%
BRENT OIL 1.11% 87.8 Delayed Quote.11.95%
DOW JONES FXCM DOLLAR INDEX 0.03% 12888.92 Real-time Quote.5.95%
EURO / US DOLLAR (EUR/USD) 0.25% 1.0565 Delayed Quote.-7.30%
HDFC LIFE INSURANCE COMPANY LIMITED -1.19% 590 End-of-day quote.-9.06%
NIFTY 50 0.03% 18701.05 Delayed Quote.7.73%
SENSEX BSE30 -0.05% 62834.6 Real-time Quote.7.92%
VEDANTA LIMITED 1.72% 319.25 Delayed Quote.-8.02%
WTI 1.34% 82.178 Delayed Quote.6.45%
All news about BAJAJ FINSERV LTD.
11/29Strong FMCG, Metal Stocks Help Indian Equities Extend Winning Run; Hindustan Unilever R..
MT
11/10Indian Indices End in Red for Second Consecutive Day; Tata Motors Drops 5%
MT
11/04Indian Indices Close Higher; Adani Enterprises Jumps 6%
MT
10/27Indian Indices Close in the Green; JSW Steel Jumps 5%
MT
10/25Transcript : Bajaj Finserv Ltd., Q2 2023 Earnings Call, Oct 25, 2022
CI
10/24Nomura Adjusts Bajaj Finserv's Price Target to 1,570 Indian Rupees From 1,425 Rupees, K..
MT
10/21Indian Indices Closes Week on Positive Note; Axis Bank Surges 9%
MT
10/21Bajaj Finserv Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended..
CI
10/19Indian Indices Close Higher Midweek; ITC Climbs 2%
MT
10/17Indian Indices Extend Gains; State Bank of India Jumps 3%
MT
More news
Analyst Recommendations on BAJAJ FINSERV LTD.
More recommendations
Financials
Sales 2023 684 B 8 403 M 8 403 M
Net income 2023 68 021 M 835 M 835 M
Net Debt 2023 - - -
P/E ratio 2023 38,4x
Yield 2023 0,09%
Capitalization 2 616 B 32 131 M 32 131 M
Capi. / Sales 2023 3,82x
Capi. / Sales 2024 3,23x
Nbr of Employees 59 961
Free-Float 33,0%
Chart BAJAJ FINSERV LTD.
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Bajaj Finserv Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends BAJAJ FINSERV LTD.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 1 642,65 INR
Average target price 1 690,80 INR
Spread / Average Target 2,93%
EPS Revisions
Managers and Directors
Sanjivnayan Rahul K. Bajaj Chairman, Chief Executive Officer & MD
S. Sreenivasan Chief Financial Officer
Uma Shende Secretary & Compliance Officer
Purav A. Jhaveri President-Investment
Doveton Jagannath Balaji Rao Independent Non-Executive Director
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