Bajaj Finance stock hits 52-week high on strong Q4FY18 numbers

Its NII came at Rs2,365cr as against Rs1,686cr, which has improved by 40.3% yoy.

May 17, 2018 09:05 IST India Infoline News Service

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.

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