4 Jan 2024 , 11:16 AM
Bajaj Finance stock surged over 3% on January 4 after reporting a strong December quarter performance. At the time of wriitng, Bajaj Finance shares were trading 3% higher at Rs 7,609.00 on the NSE which is a 3.30% increase than the previous close.
Assets Under Management (AUM) grew by 35% YoY to Rs 3.11 lakh crore, marking the first time it crossed the Rs 3-lakh-crore milestone.
Deposit book also saw a significant 35% increase, reaching Rs 58,000 crore.
The quarter saw Bajaj Finance booking 98.6 lakh new loans, showing a YoY growth of 26%. Total franchise grew by 22% YoY, reaching 8.4 crore, and the company acquired 38 lakh new customers.
Liquidity position remained strong at Rs 11,600 crore, and the company raised Rs 8,800 crore through a Qualified Institutional Placement (QIP) in November.
Post-QIP, Bajaj Finance completed fundraising worth Rs 10,000 crore, including Rs 1,200 crore through a preferential issue of shares to promoter Bajaj Finserv.
On January 3, Bajaj Finance shares closed half a percent lower at Rs 7,381.20 on the NSE, with a 12% rise in the past year, slightly underperforming the Nifty benchmark’s 18% gain during the same period.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.