## Bajaj Finserv Rises Monday, Still Underperforms Market **Mumbai, Maharashtra** - Bajaj Finserv, the financial services arm of Bajaj Group, witnessed a rise in its stock price during Monday's trading session, although it continued to lag behind the broader market performance. The company's shares opened at ₹13,000 apiece and climbed to an intraday high of ₹13,100. At the close of the market, Bajaj Finserv's stock was trading at ₹13,050, reflecting a gain of 0.5% from Friday's closing price of ₹13,000. Despite the positive movement, Bajaj Finserv underperformed the benchmark S&P BSE Sensex index, which jumped 1.2% during the same trading session. The wider Nifty 50 index also outpaced Bajaj Finserv, recording a rise of 1.1%. Analysts attributed the company's underperformance to profit-booking by investors after a period of sustained gains, as well as concerns over the impact of rising interest rates on its lending business. Bajaj Finserv offers a range of financial products and services, including loans, insurance, and wealth management solutions. The company has a wide customer base, with a focus on the retail segment. In recent months, Bajaj Finserv has been actively expanding its digital offerings to cater to the growing demand for online financial services. The company has also been strengthening its partnerships with other businesses to cross-sell products and services. Despite the challenges posed by the economic slowdown and rising interest rates, Bajaj Finserv remains a well-established player in the Indian financial services industry. The company's strong brand recognition, diverse product portfolio, and extensive distribution network are expected to continue driving its long-term growth.
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