Keep a watch on Bajaj Finserv…it’s the holding company for the Life Insurance and General Insurance Jvs with Allianz Group….It’s at Rs 449 today…52 week High/Low is Rs 557/250 with all time high of Rs 999 reached two years ago in May 2008…FV is Rs 5…Capital is Small at Rs 72 crs….Strong Upward Movement is indicated over the next three years for three top reasons
- If the pending demand for FDI limit to be liberalised to 49% happens soon
- Insurance Companies begin making profits
- Warren Buffett’s Berkhire Hathaway invests in it…undercurrent has been sensed
Bajaj holds 55%,FIIs hold 5%,DIIs hold 12% and the Public holds 28% of the Equity
1 thought on “Insurance Sector Reforms on anvil…FDI to be upped from 26% to 49% soon?…Keep a watch on Bajaj Finserv at Rs 449”
Dear Sir,
Any chance Bajaj Finance is also moving sharply for some reason similar to this.