Page 24 - Bajaj Finance

Bajaj Finance hits new high post Q1 results; stock rebounds 7%

The stock hit new high of Rs 2,536, up 2%, bouncing back 7.4% from intra-day low of Rs 2,360 on the BSE.

Bajaj Finance hits new high; stock rises 32% in two months since Q4 results

Bajaj Finance hit a new high of Rs 2,460 on the BSE, rising by 2% today and extending their 2.5% gain on Thursday, on expectations of healthy financial performance in Q1FY19.

Bajaj Finance shares hit new high; Infosys nears record high

Bajaj Finance hit a new high of Rs 2,190, up 1.6% on the BSE, while Infosys touched a fresh 52-week high of Rs 1,257, up 1.7%, trading close to its all-time high of Rs 1,278 hit on June 3, 2016.

Bajaj Finance, Bajaj Finserv hit record highs in a flat market

Bajaj Finance hit a new high of Rs 2,177, surging 19% in past eight trading sessions, as compared to 2.2% decline in Sensex since May 10, 2018

Q4 results: Bajaj Finance profit suggests no dearth of growth, stock gains

With strong AUM increase, the company posted one of its highest quarterly profit growth; expansion in rural lending to aid future earnings

Bajaj Finance hits record high as Q4 profit beats estimates;stock surges 7%

The stock rallied 7% to Rs 2,045, also its record high on the BSE, after the company reported a better than expected 60% YoY jumped in its standalone net profit at Rs 7.21 billion in March quarter

Rivals catching up faster with Bajaj Finance

In an unusual reaction to its quarterly results, the stock of Bajaj Finance dipped by about 3.4 per cent to close at Rs 1,888.85 apiece on Monday despite the financials being in-line with Street expectations. While part of the fall could be attributed to the sharp rally of 133 per cent in CY2017 alone, a finer reading of its September quarter (Q2) performance indicates that competition is perhaps catching up faster than expected on Bajaj Finance's consumer durables business. While the assets under management (AUM) for its core consumer lending business grew by a robust 42 per cent year-on-year to Rs 33,815 crore in Q2, disbursal of its vehicle financing and consumer durables financing segments were wobbly, prompting investors to ask if Bajaj Finance should up its ante in these segments. As a rub-off of Bajaj Auto's unstable domestic sales volumes in the recent times, vehicle loan disbursals (two-wheelers and three-wheelers) dipped for the first time in many quarters by four per cent ..

Bajaj Finance's Q2 profit up by 37% at Rs 557 cr

Net interest income up 41% to Rs 1,958 cr, total income up 33% to Rs 2,341 cr; gross NPAs improve marginally

Sharp rise in Bajaj Finance's EMI card user base in past 12 months

EMI card user base grew from 7.2 million to 9.8 million adding two million new users

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Bajaj Finance sells over 26 mn shares to QIBs

Shares of Bajaj Finance closed 0.43% up at Rs 1,913.75 on BSE today

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Bajaj Finance surges 9% in two days after QIP launch

The stock hit new high of Rs 1,950, up 5%, extending its previous day's 4% gain on BSE.

Bajaj Finance surpasses IndusInd Bank in market cap

The stock hit a record high of Rs 1,879, up 5% on BSE in intra-day trade

Bajaj Finance trades firm on QIP launch

The stock was up 1% at Rs 1,811 on BSE at 10:04 am, after hitting high of Rs 1,816 in intra-day deal

Bajaj Fin launches Rs 4,500-cr QIP at floor price of Rs 1,771.9 per share

The company is primarily engaged in the business of financing

Bajaj Finance to pick up 11% stake in Mobikwik for Rs 225 cr

It'll acquire 10 equity shares and 271,050 compulsory convertible preference shares of Mobikwik

Bajaj Finance hits new high on robust June quarter numbers

The stock hit a new high of Rs 1,578, up 4% on BSE in intra-day trade.

Bajaj Finserv Q4 cons net profit up 3% to Rs 535 cr

New loan book in the quarter grew 58% to Rs 2,496 cr from Rs 1,583 cr in same period last year

Bajaj Finance sputters on note ban impact

Spike in loan provisioning, moderation in consumer durables loan growth may weigh on stock