Bajaj Finance rallies 13% in two days on healthy June quarter results

Thus far in the month of July, the market price of Bajaj Finance has appreciated 27 per cent, as compared to 6 per cent rise in the S&P BSE Sensex

Shares of Bajaj Finance gained 9.4 per cent to Rs 6,999 on the BSE in Thursday’s intra-day trade, surging 12.7 per cent in two days, after the company reported 159 per cent year-on-year (YoY) jump in its consolidated net profit to Rs 2,596 crore for the quarter ended June 2022 (Q1FY23).

Thus far in the month of July, the market price of Bajaj Finance has appreciated 29.6 per cent, as compared to 6.8 per cent rise in the S&P BSE Sensex.

The strong profit growth was aided by strong net interest income (NII) growth, and lower loan losses