Bajaj Finserv Trades Marginally Lower Despite Good Q4 Results

A diversified financial services group, Bajaj Finserv is one of the top losers in the mid-cap space. The stock is trading lower by around 1.63% at Rs 4401 per share as of 0946 hours on BSE.

The company has recently posted the financial results for the quarter ended March 31, 2017. The company’s consolidated gross revenue grew by 16% on a YoY basis for Q4 FY17. Its consolidated profit before tax, consolidated profit after tax and standalone net worth has grown at the rates of 14%, 3% and 3% respectively.

As per the market analysts, the new business premium in life insurance has been growing since past six quarters. The consumer business of the company is also growing really strong.

Bajaj Finserv is a diversified financial services group spanning life insurance, general insurance, and lending, with a pan India presence.

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About Suhani Varma