Bajaj Finance hits M-cap of Rs2 lakh cr; stock gains

The stock has hit the market capitalisation of Rs2 lakh cr on BSE.

May 21, 2019 09:05 IST India Infoline News Service

bajaj finance
Bajaj Finance has extended its gains for a fifth consecutive session and hit a new high on the BSE in intraday trade on Tuesday. The stock has hit the market capitalisation of Rs2 lakh cr on BSE.

Currently, the company is at the 14th position in terms of overall market-cap ranking and companies having market-cap of over Rs2 lakh cr.

Bajaj Finance Ltd is up 59.58% in last one year as compared to 11.99% gain in NIFTY and a 23.24% gain in the Nifty Financial Services index.

Bajaj Finance Ltd is currently trading at Rs3,425 up by Rs18.3 or 0.54% from its previous closing of Rs3,406.70 on the BSE.

Bajaj Finance Ltd is currently trading at Rs3,425, up by Rs18.3 or 0.54% from its previous closing of Rs3,406.70 on the BSE. The scrip opened at Rs3,415.35 and has touched a high and low of Rs3,484.90 and Rs3,371.55 respectively.

Meanwhile, the company's Q4FY19 consolidated NII has come at Rs3,395cr, which has improved by 50% yoy. Its consolidated net profit for Q4FY19 beat consensus estimates by 2%, which came at Rs1,176cr against Rs748cr, which is up by 57% yoy. Its GNPA has decreased by 1bps qoq to 1.54% and NNPA has increased by 1bps qoq to 0.63% respectively.

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