Latest news with #SanjivBajaj
Mint
5 days ago
- Business
- Mint
Why is smart money chasing these three blue chip stocks?
Who owns a larger stake in India's top companies at present – Indian or foreign institutions? The latest ownership report by Motilal Oswal Financial Services (MOFSL) reveals a clear shift in market dynamics, with domestic institutional investors (DIIs) now holding a larger stake in India's leading companies than foreign institutional investors (FIIs). This changing balance of power has been steadily gaining momentum since 2021 as homegrown capital continued to flow into the market at a record pace. DIIs – comprising mutual funds, insurance companies and pension funds – poured $19.7 billion into Indian equities in the previous quarter alone, leaving FIIs far behind with investments of just $5.4 billion. While this highlights the growing dominance of domestic investors in shaping market trends, there are also instances in which the two have moved in tandem, raising their stakes in certain companies. Here are three blue chip stocks that have recently seen such dual buying interest. #1 Bajaj Finserv A part of the Bajaj Group, the company offers financial services such as financing, insurance, broking and investing. It also distributes these on digital platforms through subsidiaries and joint ventures. It is also in the business of generating power through wind turbines, a renewable energy source. Here's how DII and FII shareholdings increased in the June quarter. In April, Bajaj Finserv's subsidiary Bajaj Finserv Asset Management Company (AMC) introduced two new passive funds — Bajaj Finserv Nifty 50 Index Fund and Bajaj Finserv Nifty Next 50 Index Fund. These open-ended funds are designed to help investors grow their money over the long term by closely following the performance of their benchmark indices. They offer investors a low-cost, transparent, and efficient way to gain exposure to India's large-cap equity market. In June the company launched Bajaj Finserv Small Cap Fund, an open-ended equity scheme focused on small-cap stocks. Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. For more details, see the company fact sheet and quarterly results. #2 Mazagon Dock Shipbuilders Mazagon Dock Shipbuilders Limited (MDL) established in 1774, is a prominent shipyard in Mumbai. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. The company is among India's leading shipbuilding yards, specialising in constructing and repairing warships and submarines for the ministry of defence and commercial enterprises. It is the only Indian shipyard to have built destroyers and conventional submarines for the navy, among the first to have manufactured Veer and Khukri-class corvettes, and a lead builder of four Nilgiri-class stealth frigates. It is the only shipyard with Navratna status. Here's how DII and FII shareholdings increased in the June quarter. In June the company announced the proposed acquisition of a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka's largest and most well-established shipyard. The acquisition is valued at up to $52.96 million. This would mark the company's first international venture and represent a significant step in its evolution from a domestic shipbuilder into a regional maritime player with global ambitions. The company now plans to increase production capacity for larger and more advanced military vessels. For more details, see the company fact sheet and quarterly results. #3 Waaree Energies Waaree Energies is a leading solar module manufacturer with integrated capabilities across the energy transition value chain, spanning cells, inverters, batteries and green hydrogen. It's an Indian manufacturer of solar PV modules with an aggregate installed capacity of 15 gigawatt (GW) as of 31 March, making it India's largest solar panel manufacturer. Waaree has five manufacturing units across India, four in Gujarat (Surat, Tumb, Nandigram, and Chikhli) and one in Uttar Pradesh (Noida). It also has a nationwide network of more than 334 franchisees. From March to June, FIIs increased their stake in the company from 0.7% to 2.7%, while DIIs raised their stake from 2.5% to 2.9%. This could be because Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies, received an order on 27 June for the supply of 540MW of solar modules – 270 MW to be delivered in 2025 and another 270 MW between 2027 and 2028. The company's board also approved the acquisition of Kamath Transformers Pvt. Ltd. for ₹290 crore. The acquisition is part of Waaree Energies' business expansion and will be completed in the current fiscal year. It will acquire 100% shareholding in Kamath Transformers for a cash consideration. In line with its growth strategy, the solar PV module manufacturer has also announced plans to expand its manufacturing presence in the US, particularly in Texas, aiming to increase capacity to 3 GW by FY26. For more details, see the company fact sheet and quarterly results. Conclusion Dual buying by domestic and foreign institutions often signals strong confidence in a company's fundamentals, growth potential and resilience. However, it is not a guarantee of future returns. Though these stocks often provide stability and good long-term growth potential, they can still experience ups and downs in the short term. It's important to look closely at a company's earnings potential, how it compares with others in the sector, and whether its stock price is reasonable, rather than blindly follow the moves of big investors. Investors should carefully evaluate these companies' fundamentals, corporate governance, and valuations as key factors before making an investment decision. Happy investing! Disclaimer:This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here. This article was syndicated from
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Business Standard
01-07-2025
- Business
- Business Standard
Bajaj Finserv sets new target of 250 million customers within four years
Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected. "(It's) very promising. We've added 10 million new customers in the last two years," Bajaj told Reuters. The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India. Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers. Bajaj Finserv's largest subsidiary, Bajaj Finance, typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance. The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation. While India's central government has set out plans to lift economic growth, there was a danger this did not translate to a state level, he added. "The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow," Bajaj said. Bajaj Finserv sees customers' ability to repay loans improving from here, he added. While profit at the firm rose to $1.1 billion in the 12 months to the end of March, up from $900 million the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020. The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a "little higher stress". "Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world," he said, referring to the trend of customers spending on expensive goods after the pandemic. "So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine." Bajaj Finserv agreed a deal to buy out Allianz from two general and life insurance joint ventures in March for around 2.6 billion euros. The deal, which is awaiting approval from regulators, will be funded by Bajaj Finserv internally, Bajaj said. "Neither of the insurance companies has needed capital for the last 8-10 years, so the internal reserves have supported their growth, and that's why we've never felt the need to go to an outside investor for capital," he said. Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans. Asked if the company could consider international expansion in the future, Bajaj said: "We don't have plans yet, but it could be".
Time of India
01-07-2025
- Business
- Time of India
India's Bajaj Finserv hikes customer target to 250 million
Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected. "(It's) very promising. We've added 10 million new customers in the last two years," Bajaj told Reuters. The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India. Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers. Live Events Bajaj Finserv's largest subsidiary, Bajaj Finance , typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance. The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation. While India's central government has set out plans to lift economic growth , there was a danger this did not translate to a state level, he added. "The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow," Bajaj said. Bajaj Finserv sees customers' ability to repay loans improving from here, he added. While profit at the firm rose to $1.1 billion in the 12 months to the end of March, up from $900 million the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020. The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a "little higher stress". "Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world," he said, referring to the trend of customers spending on expensive goods after the pandemic. "So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine." Bajaj Finserv agreed a deal to buy out Allianz from two general and life insurance joint ventures in March for around 2.6 billion euros. The deal, which is awaiting approval from regulators, will be funded by Bajaj Finserv internally, Bajaj said. "Neither of the insurance companies has needed capital for the last 8-10 years, so the internal reserves have supported their growth, and that's why we've never felt the need to go to an outside investor for capital," he said. Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans. Asked if the company could consider international expansion in the future, Bajaj said: "We don't have plans yet, but it could be". Economic Times WhatsApp channel )
Zawya
01-07-2025
- Business
- Zawya
India's Bajaj Finserv hikes customer target to 250mln
Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected. "(It's) very promising. We've added 10 million new customers in the last two years," Bajaj told Reuters. The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India. Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers. Bajaj Finserv's largest subsidiary, Bajaj Finance, typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance. The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation. While India's central government has set out plans to lift economic growth, there was a danger this did not translate to a state level, he added. "The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow," Bajaj said. Bajaj Finserv sees customers' ability to repay loans improving from here, he added. While total income at the firm rose to 22.99 billion rupees ($268 million) in the 12 months to the end of March, up from 17.34 billion rupees the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020. The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a "little higher stress". "Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world," he said, referring to the trend of customers spending on expensive goods after the pandemic. "So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine." Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans. Asked if the company could consider international expansion in the future, Bajaj said: "We don't have plans yet, but it could be".
Business Recorder
01-07-2025
- Business
- Business Recorder
India's Bajaj Finserv hikes customer target to 250 million
LONDON: Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected. '(It's) very promising. We've added 10 million new customers in the last two years,' Bajaj told Reuters. The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India. Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers. Bajaj Finserv's largest subsidiary, Bajaj Finance, typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance. India's Bajaj Holdings sells stake worth $234 million in Bajaj Finserv via block deal The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation. While India's central government has set out plans to lift economic growth, there was a danger this did not translate to a state level, he added. 'The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow,' Bajaj said. Bajaj Finserv sees customers' ability to repay loans improving from here, he added. While total income at the firm rose to 22.99 billion rupees ($268 million) in the 12 months to the end of March, up from 17.34 billion rupees the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020. The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a 'little higher stress'. 'Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world,' he said, referring to the trend of customers spending on expensive goods after the pandemic. 'So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine.' Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans. Asked if the company could consider international expansion in the future, Bajaj said: 'We don't have plans yet, but it could be'.
