The non-banking financier has turned cautious on the lifestyle segment in Q2
Analysts still peg growth for FY20 upwards of 30%, even as management turned cautious after Q1
The S&P BSE Sensex Index posted its third day of losses on Tuesday, ending a surge since the Sept 20 announcement of the tax cuts
Thus far in the calendar year 2019, Bajaj Finance has outperformed the market by surging 54 per cent, as compared to an eight per cent gain in the Sensex.
The approval, it said, is subject to shareholders' nod to be sought through a postal ballot.
Total Income grew by 40 per cent year-on-year, though profitability of life and general insurances business dragged the overall show
Management is tightening its underwriting practices in select segments of lending as a measure of prudence, which may dent growth in the coming quarters
Net interest income of the company registered a 43 per cent jump at Rs 3,695 crore
For ITC, keep a stop at 266 and go short. Add to the position between 261-262. Book profits at 260
The stock is trading at its lowest level since May 17 and has corrected 15 per cent from its all-time high level of Rs 3,761 touched on July 5
Thus far in the calendar year 2019, the stock has outperformed the market by surging 41 per cent, as compared to 10 per cent gain in the S&P BSE Sensex.
From washing machines to mobile phones and furniture, diversification has play out well for the non-banking lender; asset quality steady
The valuation of the country's most expensive NBFC stock at 6.6 times the FY20 book value is quite demanding
With concerns on funding costs put to rest, Bajaj Finance stocks rose over 2 per cent on Tuesday
The stock was up 7% to Rs 2,230 on the BSE in early morning trade on Wednesday, recovered 11% from its Tuesday's low of Rs 2,001 post September-quarter results.
In the wake of money becoming expensive, the lender turns to depositors for funds
The company had reported a net profit of Rs 5.98 billion in the year-ago period
Strong loan growth thanks to increasing aspirational buyers and healthy asset quality could keep story intact
Over the past year, Bajaj group had been fighting a neck-and-neck battle with the Birlas for the third spot
The faster growth was despite some headwinds in the form of volatile weather which impacted demand