Bajaj Finance gains 4% on strong sequential AUM growth in December quarter

In Q3FY22, Bajaj Finance's assets under management (AUM) grew 8.6 per cent quarter on quarter (QoQ) to Rs 1.81 trillion.

Shares of Bajaj Finance ( up 4 per cent at Rs 7,659) and Bajaj Finserv (up 5 per cent at Rs 18,044) gained up to 5 per cent on the BSE in Wednesday’s intra-day trade after Bajaj Finance reported healthy customer acquisition with 2.6 million new customers added during the October-December quarter (Q3FY22). Customer franchise, as on Q3FY22, stood at 55.4 million, as compared to 46.3 million at the end of Q3FY21.

Bajaj Finance, a subsidiary of Bajaj Finserv, is a non-banking financial company (NBFC). In the past three months, Bajaj Finance has underperformed the market by falling 1