Bajaj Auto Fin hits upper circuit

The Bajaj Auto Finance scrip hit the 20 per cent upper circuit to close at Rs 177.35 on healthy quarterly numbers. The net profit for the June quarter jumped five-fold year-on-year to Rs 15.21 crore while total income increased 48 per cent to Rs 189.85 crore.

The company has seen good traction in consumer durable financing and loans-against-property businesses. The stock opened at Rs 150 (the lowest point of the day) and subsequently hit the upper circuit. The stock has made a 52-week high of Rs 188.2 (June 8) and a low of Rs 43.45 (March 19).