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Bajaj Finance, Bajaj Finserv hit record highs in a flat market

Bajaj Finance hit a new high of Rs 2,177, surging 19% in past eight trading sessions, as compared to 2.2% decline in Sensex since May 10, 2018

Representative Photo: https://www.bajajfinserv.in/
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Representative Photo: https://www.bajajfinserv.in/

SI Reporter Mumbai
Shares of Bajaj Finserv and its lending and wealth advisory arm Bajaj Finance have hit their respective record highs on the BSE in intra-day trade in otherwise flat market.

Bajaj Finance hit a new high of Rs 2,177, surging 19% in past eight trading sessions. On comparison, the S&P BSE Sensex was down 2.2% since May 10, 2018.

Bajaj Finance had reported a better than expected 60% year on year (YoY) jumped in its standalone net profit at Rs 7.21 billion in March quarter (Q4FY18). Net revenue from operations grew 40% at Rs 23.43 billion against Rs 16.78