Thus far in the current calendar year 2018 (CY18), Bajaj Finserv
has outperformed the market by surging 20% as compared to 4.5% rise in the S&P BSE Sensex.
stands at number 29th position in overall market-cap
ranking against at number 35 rank at beginning of CY18. The market value of company is higher than of HDFC Standard Life Insurance Company, Nestle India and Avenue Supermarts (which runs D-Mart).
has surpassed the Sensex companies such as Adani Ports and Special Economic Zone, Gail (India), Bajaj Auto and Vedanta during the year.
“Given Bajaj group’s years of experience in the financial services industry along with extensive distribution network, we believe the entity to continue to outpace the industry in terms of profitability. Strong macro outlook on the lending business as well as the insurance businesses coupled with superior execution should translate into strong earnings for the consolidated entity,” analysts KR Choksey Shares and Securities said in Q4FY18 result update. The stock however, trading above its 12 month target price of Rs 5,893.
was formed in April 2007 as a result of its demerger from Bajaj Auto to further the Group’s interests in financial services. This demerger enabled Bajaj Finserv
to independently run the core businesses of lending, insurance and wealth advisory.
is the holding company for the businesses dealing with financial services of the Bajaj Group. Its insurance joint ventures with Allianz SE, Germany, namely Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company are engaged in life and general insurance business respectively.
Its subsidiary Bajaj Finance
is a non-banking finance company engaged in consumer finance, SME finance and commercial lending and wealth management.
too hit a new high of Rs 2,398; up nearly 3% on the BSE in intra-day trade have market-cap
of Rs 1.38 trillion. On Friday, Bajaj Finance
had surpassed the private sector lender Axis Bank in overall market-cap