Bajaj Finserv on growth trajectory

Bajaj Finserv, a non bank with a strategy, structure and support model of a bank , has hit its 52 week high on Tuesday at  Rs. 2246.95. The stock is gaining traction due to reports that its German partner in Insurance business  Allianz is expected to raise stakes in the JV. The company, according to media reports is exploring various options with its German partner. 

Bajaj Finserv , financial services company has been gaining ground and outperforming markets based on its strategy which envisages optimal mix of risk and profit to deliver a sustainable business model. 

The promoter and promoters group  hold close to 57.35 percent in the company with FII holding 18.34 per cent in the company. Bajaj Finserv is held by Bajaj Holdings and Investments which also holds listed Bajaj Auto Limited. Bajaj Finserv in turn holds Bajaj Finance Limited  and Bajaj Alliance Life Insurance Company and Bajaj Alliance General Insurance Company. 

The company, even though facing tough competition from private banks is on a growth trajectory with personal loans witnessing good growth above 20 per cent; and EMI cards being launched are expected to see good traction for Bajaj Finserv in coming quarters. Professional loans business is expected to grow well and pure flexi products launched will strengthen the value proposition for its customers. 

The stock has delivered almost 45 per cent returns in 1 year alone.