Shares of Bajaj Finance
hit 52-week high after the company’s standalone revenue improved by 33.2% yoy to Rs3,557cr.
Its NII came at Rs2,365cr as against Rs1,686cr, which has improved by 40.3% yoy.
The company’s net profit came above estimates at Rs720.9cr against Rs449cr, up 60.5% yoy. Its GNPA declined by 19bps qoq to 1.48% and NNPA has declined by 15bps qoq to 0.38% respectively.
The stock is currently trading at Rs2,075.75 up by Rs157.1 or 8.19% from its previous closing of Rs1,918.65 on the BSE. The scrip opened at Rs1,930 and has touched a high and low of Rs2,088.80 and Rs1,906.55, respectively.