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Bajaj Finance gains on offering secure investment options to customers through FD, SDP

Bajaj Finance is currently trading at Rs. 6212.40, up by 13.80 points or 0.22% from its previous closing of Rs. 6198.60 on the BSE.

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Bajaj Finance

The scrip opened at Rs. 6227.95 and has touched a high and low of Rs. 6240.00 and Rs. 6125.10 respectively. So far 10309 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 7777.00 on 22-Sep-2022 and a 52 week low of Rs. 5235.60 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 6475.00 and Rs. 6125.10 respectively. The current market cap of the company is Rs. 377182.41 crore.

The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 32.30% and 11.79% respectively.

Bajaj Finance is offering secure investment options to its customers through its fixed deposit (FD) and Systematic Deposit Plan (SDP), a variant of FD. By investing through these options, individuals can balance their investment portfolio with low-risk instruments and yield a stable return.

Currently, with the outstanding increase in the repo rate, from 4.00% in May 2022 to 6.50% till February 2023, Bajaj Finance also has revised its FD rates with effect from January 20, 2023. By investing a lump sum between Rs 15,000 and Rs 5 crore, individuals can now book FDs and secure an interest rate of up to 8.10% p.a.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.