While many of the finance-related companies are struggling to maintain the lowest possible NPAs due to liquidity crisis Bajaj Fin Serv shot up in the market for two main reasons. First was likely FDI hike in the insurance industry as this could benefit Bajaj Fin Serv due to its 74 per cent stake in the insurance business while 24 per cent is with the Allianz. If this FDJ proposal goes through Allianz may increase the stake in the insurance business. The second positive news came in the form of settlement amongst Bajaj nifty and that boosted the sentiment. But volume on the counter has been quite inconsistent with highest volume in last one fortnight on BSEwas8288l shares and lowestheing 1982 shares With Q 1results the company, we see possibility of the scrip taking a beating in the coming fortnight.
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