Bajaj Finserv slips on profit booking

Bajaj Finserv fell 1.20% to Rs 17,766.80, amid some profit taking.

The stock had advanced by 11.26% over the past four sessions to close at Rs 17,988.40 yesterday, compared to its recent closing low of Rs 16,167.55 recorded on December 30, 2021.

In a regulatory filing filed today during market hours, Bajaj Finserv said Bajaj Allianz General Insurance Company wrote gross direct premiums totaling Rs 1,123.59 crore in the month of December 2021.

Total premiums collected by Bajaj Allianz Life Insurance Company in December 2021 amounted to Rs 1164.56 crore.

Bajaj Finserv is the holding company for the various financial services businesses of the Bajaj Group. BFS participates in the financing business through its 52.65% stake in Bajaj Finance (BFL) and in the protection business through its 74% stake in two unlisted subsidiaries, Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). Bajaj Housing Finance (BHFL), which engages in mortgage business, and Bajaj Financial Securities (BFinsec), which engages in brokerage business, are wholly owned subsidiaries of Bajaj Finance.

The company will report its results for the quarter and nine months ending December 31, 2021 on January 20, 2022,

The company had recorded a 13.8% increase in consolidated net profit to Rs 1,122.13 crore on a 19.6% increase in total revenue to Rs 18,008.22 crore in Q2 FY22 compared to Q2 FY21.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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