Page 21 - Bajaj Finance

Sensex touches 43,000-mark for first time; NSE Nifty tops 12,600

Extending its winning streak for the seventh straight session, equity benchmark Sensex soared 680 points to scale another lifetime high on Tuesday, tracking a global market rally driven by Pfizer's COVID-19 vaccine trials data. After touching its lifetime peak of 43,316.44 during the day, the 30-share BSE index ended 680.22 points or 1.60 per cent higher at 43,277.65. The broader NSE Nifty too touched a fresh intra-day high of 12,643.90. It ended at 12,631.10, up 170.05 points or 1.36 per cent. Bajaj Finance was the top gainer in the Sensex pack, surging around 9 per cent, followed by IndusInd Bank, L&T, Bajaj Finserv, HDFC, SBI, ICICI Bank, HDFC Bank, ONGC and Axis Bank. On the other hand, Tech Mahindra, HCL Tech, Infosys, Nestle India, Sun Pharma and TCS closed in the red. "Announcements by BioNTech and Pfizer about successful phase 3 trial of COVID-19 vaccine instilled confidence among investors and possibility of sustained economic recovery led sharp buying in beaten down ...

Nifty may register new all-time high once it conquers 12,050: HDFC Sec

Trading longs should have stoploss at 11,700 in Nifty

Buy these stocks for a 10% upside on MSCI's new foreign ownership norms

Ipca Labs has tripled in the last one year from the lows of Rs 817 and continues to hold the same strength and momentum. Charts indicate more headroom from the current levels

Weekly stock picks by Religare Broking: Buy Bajaj Finance, Maruti Suzuki

The auto pack is largely trading in tandem with the benchmark and most stocks have recovered to their pre-Covid levels

HDFC Bank, Bajaj Fin and SBI Cards Q2 nos show rankling retail loan stress

Analysts at Credit Suisse expect retail loan delinquencies at 5-10 per cent for private banks and 9 - 12 per cent for NBFCs

Select stocks rally as MSCI to tweak foreign ownership limit in Indian stks

Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite Industries were up in the range of 3% to 8%

Bajaj Fin: Worst case scenarios play out as stress builds across portfolios

Bajaj Finance has indicated that its rural and urban consumer businesses were at 91 per cent and 72 per cent of year-ago volumes and so far the lender has restructured only Rs 252 crore of loans

Bajaj Finance Q2 profit down 36% to Rs 877 crore on increased provisioning

The Pune-headquartered company said new loans booked during the second quarter dropped 44 per cent to 3.61 million

Bajaj Finance reports 36% dip in net profit in July-Sept qtr at Rs 965 cr

The non-banking finance company had posted a net profit of Rs 1,506 crore in the July-September quarter a year ago.

MARKETS: Metal, realty stocks shine in choppy trade; Sensex ends 163 pts up

All that happened in the markets today

Bajaj Finance to continue Covid provisioning, strengthen its balance sheet

The lender, in Q1FY21, took an additional contingency provision of Rs 1,450 crore for the pandemic, taking the total amount to Rs 2,350 crore as of June 30

Bajaj Finance's Q2 a damp squib despite unlocking; stock falls over 4%

Lender's caution on customer additions and fresh loan disbursals suggests the unpredictable nature of retail asset quality, say analysyts.

Bajaj Finance declines over 5% as Q2 business update disappoints Street

New loans declined sharply to 3.6 million from 6.5 million year-on-year and 5 million quarter-on-quarter.

Charts indicate continuation of up-trend in Nifty: HDFC Securities

Nifty has broken out from the rising wedge pattern on the daily chart

Axis Bank, Bajaj Auto, HUL: Here's how to trade result-driven stocks

The results outcome have seen profit booking on the gap up opening

Rahul Bajaj steps down as Bajaj Finance's chairman, son Sanjiv to take over

Rahul Bajaj has decided to demit the office as chairman of the board with effect from close of business hours on July 31

Bajaj Finance: June quarter disappoints, all eyes now on collections

Higher provisioning in line with priority to mitigate balance-sheet risk

Rahul Bajaj steps down as Bajaj Finance's chairman; stock ends 4% lower

The board has appointed Sanjiv Bajaj, currently the Vice Chairman of the Company, as Non-Executive Chairman of the Company with effect from August 1, 2020

Bajaj Finance consolidated Q1 pre-tax profit down 29% on Covid provisioning

Net profit down 19 per cent to Rs 962 crore from Rs 1,195 crore in Q1FY20

Nifty could face resistance at 11,000 level: Gaurav Garg of CapitalVia

We might witness weakness only if Nifty breaks level of 10,700