Bajaj Finance Hits Fresh 52-Week High, Q2 Update Shows Strong Growth

4 Oct 2023 , 12:41 PM

Bajaj Finance shares hit a new 52-week high of Rs 8,043 apiece on October 4. This surge followed the release of Q2 business update by the NBFC. New loans booked during July-September quarter rose by 26% to 85.3 lakh compared to the previous fiscal’s 67.6 lakh.

Assets under management (AUM) grew by 33% to about Rs 290,200 crore as of September 30, 2023, from Rs 218,366 crore a year ago. The liquidity position remains strong, with a net liquidity surplus of approximately Rs 11,400 crore as of September 30, 2023.

Deposits book increased to approximately Rs 54,800 crore, showing a YoY growth of 39% from Rs 39,422 crore as of September 30, 2022.

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