Logo


Bajaj Finance joins Rs 2-trillion m-cap club; stock zooms 105% in 14 months

The company recorded a strong 57 per cent YoY growth in net profit at Rs 1,176 crore in March quarter, while net interest income, or NII, grew 50 per cent at Rs 3,394 crore on YoY basis

Illustration by Binay Sinha
Illustration by Binay Sinha

Bajaj Finance entered the elite club of companies with a market capitalisation (market-cap) of Rs 2 trillion after the company's stock price hit a new high on the BSE in intra-day trade on Tuesday. The stock hit a new high of Rs 3,485, up 2.3 per cent on the BSE. At 09:53 am; Bajaj Finance's market-cap stood at Rs 2.01 trillion, the exchange data shows. Currently, Bajaj Finance, is at the 14th position in terms of overall market-cap ranking and companies having market-cap of over Rs 2-trillion. In the past 14 months, Bajaj Finance's stock has more-than-doubled ...