Meanwhile, the BSE Sensex was down 5.52 points or 0.03% to 17,099.78.
On BSE, 47,000 shares were traded in the counter as against average daily volume of 28,466 shares in the past one quarter.
The stock hit a high of Rs 709.20 and a low of Rs 681.15 so far during the day. The stock had hit a 52-week high of Rs 779.85 on 27 April 2012. The stock had hit a 52-week low of Rs 391.55 on 20 December 2011.
The stock had outperformed the market over the past one month till 17 July 2012, surging 5.17% compared with the Sensex`s 0.92% rise. The scrip had also outperformed the market in past one quarter, rising 1.64% as against Sensex`s 1.46% fall.
The financial services company has an equity capital of Rs 72.34 crore. Face value per share is Rs 5.
The Bajaj Finserv stock has surged 3.94% in two trading sessions from Rs 681.10 on 16 July 2012, after the company announced strong Q1 June 2012 results during trading hours on Tuesday, 17 July 2012. The stock had risen 0.25% to settle at Rs 682.85 on Tuesday, 17 July 2012
Bajaj Finserv`s consolidated profit after tax jumped 51% to Rs 195 crore on 12% growth in gross revenue to Rs 3252 crore in Q1 June 2012 over Q1 June 2011. Income from operations jumped 51% to Rs 927 crore in Q1 June 2012 over Q1 June 2011.
Bajaj Finserv`s board of directors at a meeting held on Tuesday, 17 July 2012, approved raising up to Rs 1000 crore from rights issue of equity shares.
Bajaj Finserv is a holding company and the financial services arm of the Bajaj group with business interest in `Protection`, `Lending`, and `Financial advisory and Wealth management` through its various associate and subsidiary companies.
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