The management of Bajaj Finance in a mid-quarter update indicated some adverse impact of Covid-19-related fresh lockdowns on business during the April-June quarter (Q1FY22)
The NBFC anticipates Rs 1,100 cr- Rs 1,300 cr increase in credit costs and estimates both gross NPAand net NPA will be higher through the first two quarters of FY22
Bajaj Finance, in a mid-quarter update, indicated that its B2B and Auto Finance businesses were most affected due to strict lockdowns in majority of states
Company says growth plan for its asset under management (AUM) in FY22 will see an impact of Rs 4,000 crore at least
The stock price of Bajaj Finance has broken out on the daily chart by surpassing the resistance level of 5800 with higher volumes
A Price-volume breakout above Rs 475 level, logged on May 31, may result in a rally towards Rs 550 and Rs 580-mark in PNB Housing Finance
HDFC Securities notes that Bajaj Finance reported muted performance primarily on account of higher employee expenses
FMCG major Britannia Industries reported a 3 per cent YoY decline in consolidated net profit at Rs 360.07 crore in the fourth quarter ended March 31
The company had posted a net profit of Rs 892 crore in the corresponding quarter last year
Total income fell by 5 per cent to Rs 6,855 crore from Rs 7,231 crore in year-ago period
The recent correction in the markets dragged Bajaj Finance's from the high of Rs 5,800 towards Rs 4,400-mark
The deciding factor in days to come has to be the financial space
Pace of new customer addition up in Q4, though new loans acquired lags year-ago level
New loans booked during Q4FY21 were 5.5 million as against 6 million in Q4FY20
In Q4FY21, it booked 5.5 million new loans, down almost 9 per cent sequentially and 8 per cent YoY
The valuation of TCS jumped Rs 36,158.22 crore to reach Rs 11,71,082.67 crore
The PSU stocks are on a roll since the last couple of months and the way they are shaped up, they appear to perform well throughout this year
Bajaj Finance is heading towards Rs 7000 mark if the support of Rs 5000 is defended aggressively, chart shows
The stock price has broken out on the daily chart with higher volumes
Technical indicators RSI and MACD hint of fresh upside momentum in the IRCTC stock