Page 12 - Bajaj Finance

Bajaj Finance Q1 results: Net profit climbs to 32% on healthy NII

Guides for 29-31% growth in assets in FY24

Sensex snaps 3-day losing streak, ends 351 pts up; L&T, RIL, ITC shine

CLOSING BELL ON JULY 26, 2023: The NSE Nifty rallied 98 points to 19,778; IT and bank stocks gained ground, while M&M and Bajaj twins slipped on Wednesday.

Bajaj Finance Q1FY24 results: PAT rises 32% YoY to Rs 3,437 crore

Bajaj Finance's total revenue from operations grew 34.6% YoY to Rs 12,497.81 crore from Rs 9,284.26 crore

Street gives thumbs up to Bajaj Finance's strong Q1 biz update, stock up 7%

Though most analysts are bullish on the stock, their average target price indicates that near-term positives are well captured

Sensex soars 274 pts, Nifty near 19,400 as Bajaj Fin leaps 7%, Hero Moto 5%

Closing Bell on July 4, 2023: The rally was led by Bajaj Finance, Bajaj Finserv, Hero Moto, Tech M, TCS, Wipro, Sun Pharma, Kotak Bank, Infosys, Cipla, HCL Tech, SBI, HDFC twins, and ICICI Bank

Bajaj Finance soars 8%, hits 52-week high on strong Q1 business update

Assets under management (AUM) grew by 32 per cent to approximately Rs 2.7 trillion at the end of the June quarter

BYD India partners Bajaj Finance for dealer finance, vehicle loans

Chinese electric vehicle maker BYD's subsidiary BYD India has signed an initial pact with Bajaj Finance for access to finance to its dealers and customers in the country, the company said on Wednesday. The strategic partnership aims to provide comprehensive vehicle financing solutions to BYD dealers and customers across India, fostering the widespread adoption of electric vehicles (EVs) in the country, BYD India said. "The partnership with Bajaj Finance is aimed at offering our customers and dealers access to a diverse range of financing solutions. We understand the vital role they play in our business, and this new alliance allows us to provide support to our customer base, said Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business - BYD India. Electric vehicles have seen a surge in popularity in recent years and BYD has been a major player in this space. Auto financing market has begun to shift with customers expecting hassle-free access to credit, said ..

Recovery underway in financial sector, upgrades of 4 institutions: S&P

S&P Global Ratings on Tuesday said a strong recovery is underway in the Indian financial sector and upgraded four financial institutions, including Union Bank of India and Bajaj Finance. The move reflects S&P's view that domestic financial institutions in India will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in the operating conditions. "S&P Global Ratings today upgraded Bajaj Finance, Hero FinCorp, Shriram Finance, and Union Bank of India... A strong recovery is underway in the Indian financial sector," S&P said. S&P expects India's financial institutions, especially the public sector banks, to sustain their improvement in capital positions. Bank earnings will also likely be comparable to other emerging market peers, although margins could decline as the banks reprice deposits. "We expect earnings for our rated non-bank finance companies to remain healthy despite pressure from the rising cost of ...

S&P upgrades rating for Bajaj Finance, UBI, Shriram Finance & Hero Fincorp

The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions

Opt out of pesky calls, then don't come to us for products: Sanjiv Bajaj

Bajaj said that the customers will get an option on the website and app to stop receiving these calls

Bajaj Finance hikes FD rates by up to 40 bps, duration 36-60 months

Bajaj Finance, the lending arm of Bajaj Finserv, on Wednesday increased its fixed deposit (FD) rates by up to 40 basis points. Following the hike, 44 months special tenure for senior citizens will invite an interest rate of 8.60 per cent per annum. The new rates are revised higher by 40 basis points on deposits with maturities ranging from 36 months to 60 months, it said. Depositors below 60 years can earn up to 8.05 per cent per annum, while senior citizens can earn up to 8.30 per cent per annum, it said. The revised rates on Bajaj Finance FDs shall be applicable on fresh deposits and renewals of maturing deposits of up to Rs 5 crore, it said.

HDFC, Bajaj Finance: Trading strategies for Bajaj, HDFC twins

Unless major resistances are crossed, both the HDFC and Bajaj twins are likely to face selling pressure on up moves

Should investors worry about the slowing AUM growth at Bajaj Finance?

Recent price correction in Bajaj Finance's stock, strong growth outlook, peaking of rates, and potential to enter credit cards market, make risk-reward favourable, analysts said

Bajaj Finance Q4 net up 30% to Rs 3,158 cr on robust net interest income

For FY23, the non-banking finance company posted 64 per cent YoY growth in a net profit at Rs 11,508 crore in FY23 compared to Rs 7,028 crore in FY22

Bajaj Finance Q4 Results: PAT up 30% YoY; dividend declared at Rs 30/share

The net interest income for the reporting period surged 28% to Rs 7,771 crore from Rs 6,061 crore in Q4 FY22

Stocks to watch: Maruti, Bajaj Finance, Glenmark Pharma, IHCL, Raymond

Stocks to watch today: From Maruti Suzuki to Bajaj Finance, here are top stocks to watch in Wednesday's trade

Stocks to Watch: TCS, Infosys, Karnataka Bank, FRL, Jindal Stainless

Stocks to Watch today: Analysts expect Infosys to report muted quarter-on-quarter (QoQ) revenue growth between 0.1-0.7 per cent in constant currency (cc).

Bajaj Finance raises Rs 1,955 crore through medium term bonds

It raised Rs 760 crore of term money through five-year bonds at 7.9 per cent coupon. The base issue size was Rs 350 crore, with greenshoe option of Rs 1,750 crore, bond dealers said

CLSA upgrades Bajaj Finance as it logs record customer, loan growth in Q4

Loans booked by consumer financier Bajaj Finance jumped 20 per cent YoY to 7.6 million in Q4FY23, taking the total loans booked by the lender in FY23 to 29.6 million, its highest-ever in a year

Bajaj Finance booked highest ever new loans in FY23 at 29.6 million

AUM grew 29% YoY in Q4 to Rs 2.47 trillion