Latest Markets Business BEEPS Earnings Personal Finance

Q4 Results: Bajaj Finance’s Profit Beats Estimates On Higher New Loans

Bajaj Finance’s new loans booked rose 53 percent year-on-year in the quarter ended March.

Mahima Kapoor
People hold Indian rupee banknotes for a photograph in India. (Photographer: Dhiraj Singh/Bloomberg)

Bajaj Finance Ltd.’s profit for the quarter ended March surpassed estimates, while its asset quality remained stable.

Bajaj Finance’s shares rose as much as 3.6 percent to Rs 3,110.65 apiece after the earnings announcement compared to a 0.9 percent advance in the Nifty. The stock was trading close to 2 percent higher than its opening price, this morning.

The stock has risen 58.37 percent over the last 12 months. compared to a 3.95 percent rise in the NSE Nifty 50, making it the top performer on the index.

X

Watch the full interaction here:

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

Blackbuck Bulk Deal: Goldman Sachs Sells 2.7% Stake For Rs 295 Crore

  • chevron-double-right GSAM Holdings LLC sold a 2.7% stake in Zinka Logistics Solutions for Rs 295 crore
  • chevron-double-right GSAM offloaded 49.09 lakh shares at an average price of Rs 600.32 per share
  • chevron-double-right Nomura India Investment Fund bought 41.16 lakh shares for Rs 247 crore
More Beeps chevron-right

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
SEBI Brings Intraday Position Limits For Index Options
2
Nestle Dismisses CEO Laurent Freixe Over Undisclosed Romance
3
Saudi Arabia, Iraq Stop Oil Shipments To Nayara Energy After Sanctions
4
Trump Resorts, Elon Musk Zone, Relocation Of Locals — What US' Post-War Gaza 'Plan' Entails
5
Semicon India 2025 Kicks Off On Tuesday, Over 20,000 Attendees From Nearly 50 Countries — Check Details