Loans booked by consumer financier Bajaj Finance jumped 20 per cent YoY to 7.6 million in Q4FY23, taking the total loans booked by the lender in FY23 to 29.6 million, its highest-ever in a year
AUM grew 29% YoY in Q4 to Rs 2.47 trillion
The Indian and Taiwanese companies have had talks with advisers about potential offers for PT Bank Commonwealth, the people said
Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.
In the past six months, the stock has plunged 23 per cent as compared to a 3.4 per cent fall recorded by the Sensex
On the daily scale, Bajaj Finance is witnessing a fresh breakout which indicates a short term reversal
The consumer financier reported its highest-ever quarterly profit at Rs 2,973 crore in Q3FY23, up 40% YoY, aided by a healthy rise in NII and drop in provisions and contingencies
Performance was aided by healthy rise in net interest income, drop in provisions and contingencies
Bajaj Finance Q3 result: The new loans booked during the quarter were highest ever at 7.84 million
Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%
The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the sell-off could intensify.
Continuous foreign fund outflows added to the selling pressure, market participants said.
Bajaj Finance acquired 3.1 million new customers (v/s 2.6 million acquired in Q2FY23). The new customer acquisition run-rate was healthy in Q3FY23.
CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.4 per cent
The company also recorded its highest ever quarterly increase in customer franchises at 3.1 million
In terms of sectors, Wood remains bullish on the real estate sector and suggests the Indian realty market to be one of Asia's hottest investment bets, besides Singapore
CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,701, and the Nifty 50 registered a fresh summit at 18,614 on Monday
The technical analyst from Anand Rathi has reiterated the Buy call on Redington (India) with a higher price target of Rs 210; Also, expects Bajaj Finance to rally to Rs 7,060.
CLOSING BELL: SBI, Bajaj Finance gain, while Adani Enterprises slips in trade on Wednesday. Debutant Inox Green Energy ends at 9 per cent discount to its issue price.
Revised rates applicable on fresh deposits and renewals