Bajaj Finance Ltd.

Bajaj Finance is currently trading at Rs. 2199.90, up by 11.90 points or 0.54% from its previous closing of Rs. 2188.00 on the BSE.

The scrip opened at Rs. 2196.90 and has touched a high and low of Rs. 2200.00 and Rs. 2195.50 respectively. So far 56 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2370.00 on 07-Jul-2014 and a 52 week low of Rs. 965.50 on 29-Aug-2013.

Last one week high and low of the scrip stood at Rs. 2230.00 and Rs. 2123.60 respectively. The current market cap of the company is Rs. 11021.79 crore.

The promoters holding in the company stood at 61.61% while Institutions and Non-Institutions held 19.28% and 19.10% respectively.

Bajaj Finance, one of the largest non-banks in India, has decided to exit the construction equipment financing business. The company has taken this step due to lack of profitability with no chances of a turnaround in said financing business.

The loans given under the construction equipment financing business are for asset purchases like earthmovers, concrete mixers etc. The portfolio is not large and will fully mature in the next 15-20 months. The company’s overall gross non performing assets ratio stands at 1.13%, while its gross non performing assets ratio for the construction equipment segment stands around 4.5%.

Bajaj Finance is one of the leading financial companies in India. It offers personal loans that are convenient, flexible, quickly processed, have superior features like zero prepayment charges & requires no security with minimum paper work. The company offers personal loans for home renovation, marriage in family, holiday, and medical expenses without providing security or guarantors.