Page 12 - Bajaj Finance

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

Bajaj Finance, Cathay Financial weighing CBA Indonesia bids: Reports

The Indian and Taiwanese companies have had talks with advisers about potential offers for PT Bank Commonwealth, the people said

Bajaj twins hit new lows every month since November 2022; weakness persists

Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.

Bajaj Finance declines for fifth straight session, sheds 6% in one week

In the past six months, the stock has plunged 23 per cent as compared to a 3.4 per cent fall recorded by the Sensex

Mehul Kothari suggests going long on Bajaj Finance, Aditya Birla Fashion

On the daily scale, Bajaj Finance is witnessing a fresh breakout which indicates a short term reversal

Bajaj Finance's long range strategy lifts stock 5% higher

The consumer financier reported its highest-ever quarterly profit at Rs 2,973 crore in Q3FY23, up 40% YoY, aided by a healthy rise in NII and drop in provisions and contingencies

Bajaj Finance Q3 net up 40% to Rs 2,973 cr; highest ever quarterly profit

Performance was aided by healthy rise in net interest income, drop in provisions and contingencies

Bajaj Finance net profit jumps 40% in Q3 to Rs 2,973 crore; AUM up 27%

Bajaj Finance Q3 result: The new loans booked during the quarter were highest ever at 7.84 million

Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600

Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%

Bajaj twins need to sustain these key levels to prevent extended selloff

The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the sell-off could intensify.

Stocks skid for second day as hawkish Fed weighs; Bajaj Finance falls

Continuous foreign fund outflows added to the selling pressure, market participants said.