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Shares of Bajaj Finance went up by nearly 4 per cent today as the company is entering the Rs 20,000-crore life care segment.
The stock gained 3.65 per cent to Rs 6,868.40 — its 52-week high — on the BSE.
On the NSE, shares of the company jumped 3.95 per cent to Rs 6,869 — its one-year peak.
Bajaj Finance is entering the Rs 20,000-crore life care segment under which it will finance expenses for stem cells storage units, cosmetics-based hair treatment, dental and eye care, IVF & maternity care, laproscopic cure for a dozen ailments, and elective medical/paramedical care for many other issues.
The Pune-based company, which claims to be the first to enter this segment in the country, expects to earn around Rs 1,000-crore sales over the next five years.
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