Thursday , October 21 2021

Bajaj Finance surges on offering fixed deposits for NRIs

Bajaj Finance is currently trading at Rs. 4091.70, up by 66.80 points or 1.66% from its previous closing of Rs. 4024.90 on the BSE.

The scrip opened at Rs. 4032.90 and has touched a high and low of Rs. 4111.50 and Rs. 4022.00 respectively. So far 37181 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 4219.50 on 22-Oct-2019 and a 52 week low of Rs. 2234.00 on 13-Nov-2018.

Last one week high and low of the scrip stood at Rs. 4111.50 and Rs. 3965.00 respectively. The current market cap of the company is Rs. 237547.86 crore.

The promoters holding in the company stood at 58.26%, while Institutions and Non-Institutions held 29.23% and 12.51% respectively.

Bajaj Finance is offering fixed deposits for NRIs looking to diversify their portfolio. Senior citizen NRIs earn up to 8.70% interest, and regular investors get returns at the rate of 8.35% when they invest for at least 36 months, with interest receivable at maturity.

Bajaj Finance, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country.

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