Bajaj Finance Ltd.

Bajaj Finance is currently trading at Rs. 1550.00, up by 2.65 points or 0.17% from its previous closing of Rs. 1547.35 on the BSE.

The scrip opened at Rs. 1557.00 and has touched a high and low of Rs. 1570.00 and Rs. 1531.35 respectively. So far 7894 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1612.20 on 01-Jan-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. 1570.00 and Rs. 1536.00 respectively. The current market cap of the company is Rs. 7782.09 crore.

The promoters holding in the company stood at 62.07% while Institutions and Non-Institutions held 18.79% and 19.14% respectively.

Bajaj Finance has reported results for third quarter ended December 31, 2013.

The company has reported 20.59% rise in its net profit at Rs 194.14 crore for the quarter as compared to Rs 160.09 crore for the same quarter in the previous year. Total income of the company has increased by 30.63% at Rs 1081.90 crore for quarter under review as compared to Rs 828.23 crore for the quarter ended December 31, 2012.

Bajaj Finance, a subsidiary of Bajaj Finserv, is engaged in the business of consumer finance, SME finance and commercial lending. Bajaj Finserv proposes to convert Bajaj Finance into a bank as per the Reserve Bank of India’s February 2013 guidelines.