Bajaj Finance hits all-time high on strong Q4 results; stock surges 5%

In the past three trading days, the stock has rallied 13 per cent, as compared to 1 per cent gain in the benchmark S&P BSE Sensex.

Bajaj Finance shares hit a fresh all-time high of Rs 3,262, up 5 per cent, in early morning trade on the BSE on Friday after the company reported a better-than-expected profit and net interest income (NII) in March quarter.

The firm recorded a strong 57 per cent year-on-year (Y-o-Y) growth in net profit at Rs 1,176 crore in March quarter. while NII grew 50 per cent at Rs 3,394 crore on YoY basis. Analysts, on an average, had expected profit of Rs 1,062 crore and NII of Rs 3,271 crore for the quarter. 

Bajaj Finance's assets under management (AUM)