Bajaj Finance, Bajaj Finserv hit new highs on AUM growth expectations

In the past three months, Bajaj Finance (up 22 per cent) and Bajaj Finserv (up 16 per cent) have outperformed the Sensex, which gained 8 per cent during the same period

Shares of Bajaj Finance and Bajaj Finserv hit their respective new highs on the BSE in an otherwise range-bound market on the expectation of sustained robust growth in assets under management (AUM) going forward.

Bajaj Finance was up 2 per cent at Rs 3,107, while Bajaj Finserv gained 1.3 per cent to Rs 7,418 on the BSE in intra-day trade on Friday. In comparison, the S&P BSE Sensex was up 0.31 per cent at 38,806 points at 2 PM.

In the past three months, Bajaj Finance (up 22 per cent) and Bajaj Finserv (up 16 per cent) have outperformed the