Bajaj Finance disbursed 6.3 million consumer loans between September 22 and October 26, posting 29% growth in value and witnessing a sharp rise in new-to-credit borrowers
The Sensex, Nifty slipped on Thursday on account of profit-taking as benchmark traded near record high levels coupled with volatility owing to Sensex monthly expiry.
SBI hit an all-time high of ₹913.40, as the stock rallied 3% on the BSE in intra-day trade, surpassing its previous high of ₹912.10 touched on June 6, 2024.
Bajaj Finance surged 4 per cent to ₹1,058.60, while L&T Finance (₹271) and Cholamandalam Investment and Finance Company (₹1,691.90) were up 3 per cent each on the BSE in Wednesday's intra-day trade.
JM Financial maintains 'Buy' rating on Bajaj Finance with revised target price of ₹1,060, as it expect pressure on yields due to movement in secured segments to be offset by decline in cost of funds
Bajaj Finance, Coal India and Hindustan Aeronautics are the buy recommendations given by Ajit Mishra of Religare Broking
Bajaj Finance is one of India's largest and well-diversified non-banking finance companies (NBFCs). The company provides loans for two wheelers, consumer durables, housing, SME & MSME businesses etc