Bajaj Finserv is a good buy: Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about Bajaj Finserv.

Talk about Bajaj Finserv for somebody who doesn’t have positions in this one. What does he do? can he go out and buy the stock at the current levels?

Definitely yes it’s not only about the wealth management business that company has announced but also the insurance company is the most profitable company. They would report profits of more than 300 crores this year which means that all the businesses for this company are doing well.

We have seen auto finance business doing well. Their insurance business doing well and now venturing into wealth management business would mean that this company would be present in most of the financial segments that any of these financial companies should be present in. That completes the whole pie for the company. I think it’s a good buy too, it’s a good level to enter for the stock.