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Bajaj Finance gains 10% as AUMs under moratorium decline in June

The NBFC's assets under management (AUM) under moratorium declined from 27 per cent, at the end of April 2020, to about 15.5 per cent at the end of June 2020.

The NBFC said its customer franchise improved to 43 milllion at the end of June quarter of FY21 as compared to 36.9 million as of 30 June, 2019.  |Photo: Shutterstock
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The NBFC said its customer franchise improved to 43 milllion at the end of June quarter of FY21 as compared to 36.9 million as of 30 June, 2019. |Photo: Shutterstock

SI Reporter New Delhi
Shares of Bajaj Finance zoomed up to 10 per cent to Rs 3,419.95 in the intra-day deals on the BSE on Tuesday after the non-bank finance company's (NBFC's) assets under management (AUM) under moratorium declined from 27 per cent, at the end of April 2020, to about 15.5 per cent at the end of June 2020. 

At 3:00 pm, the stock was quoting at Rs 3,372.4 apiece, up 8.5 per cent, on the BSE. In comparison, the S&P BSE Sensex was up 125 points, or 0.34 per cent, at 36,612.56 level. A combined 22.48 million shares had changed hands