Bajaj finance services and share tips by Research via


Posted December 23, 2015 by praneetchawla

Bajaj Finance is up about 78 per-cent over the same period.

 
Share tips : Bajaj Finserv and its listed subsidiary Bajaj Finance have had yet another rollicking year, both in terms of business and share price performance, and MD Sanjiv Bajaj said that he plans to do the same thing he's done for years in 2016 too.

Approx last seven-eight years, we've followed a consistent technique of being a diversified consumer lender. This doesn't change going into next year," Bajaj told in an interview, even as that gives little away in explaining the companies' robust performance over the session.

At an instance, Bajaj FinServ shares, which accumulates the insurance vertical, have lifted up about 50 per-cent over the last year while Bajaj Finance is up about 78 per-cent over the same period.

This was a follow-up from superlative performances in previous years, with both stocks being multibaggers. Talking about Bajaj Finance, the MD told the company is targeting growth of around 20-25 per-cent annualized over the up coming few years.

Currency market update : Rising for the seventh continuous session, the INR(rupee) appreciated 10 paise to 66.23 against the USD in early trade today, after data showed a narrowing of current account deficit (CAD) to 1.6 per-cent of the GDP in the Sep Q(quarter), compared with 2.2 per-cent in the year-ago quarter.

The native currency had closed at 66.33 against the greenback in the preceding session led by dollar selling by banks and exporters.

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Last Updated December 23, 2015