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Bajaj Finance: Analysts bullish on accelerated growth, digital initiatives

At the bourses, shares of Bajaj Finance jumped 9.4 per cent on Thursday to Rs 6,999 apiece on the BSE in the intra-day trade. In comparison, the BSE Sensex was up 1.4 per cent at 11:25 AM.

Bajaj Finance
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Nikita Vashisht New Delhi
Bajaj Finance Q1 review: The prospects of Bajaj Finance turning into an "adaptable new age fin-tech" company is keeping analysts bullish on the stock. Moreover, the non-bank finance company's (NBFC's) strong asset under management (AUM) growth via digital channels will support its premium valuations, they said. 
 
On Wednesday, the consumer financier consolidated reported the highest-ever quarterly net profit of Rs 2,596 crore for the April–June quarter of fiscal 2022-23 (Q1FY23), beating Street estimates. It jumped 159 per cent year-on-year, aided by strong net interest income (NII) growth and lower loan losses and provisions.

Bajaj Finance's overall AUM increased

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First Published: Jul 28 2022 | 11:47 AM IST

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