Bajaj Finserv’s shares rose more than 2% in early trading on Sept. 8, a day after subsidiary Bajaj Allianz General Insurance Ltd. released strong August figures.
His August gross direct premium of Bajaj Allianz General Insurance Company was his Rs 200 crore.
Bajaj Allianz Life Insurance Company’s gross premium for August was Rs 926.41 crore and for the financial year ending August was Rs 3,828.06 crore.
Intermediation view
Brokerage firm KR Choxy is bullish on Bajaj Finsaab with a Buy rating of 1,850 rupees.
Sharekhan is bullish on Bajaj Finsaab, which has issued a buy recommendation with a price target of 1,650 rupees in a recent research report. Bajaj Finserv stock has returned 10.01% over the past six months, compared with Nifty’s 11.11% return over the same period.
On the National Stock Exchange, it was trading at 1,554 rupees as of 9:44 am, up 2.27% from the previous day.
