For the quarter under review, the NBFC logged a consolidated net interest income of Rs 4,537 crore, a rise of 42%, from Rs 3,206 crore reported in the December quarter of the previous fiscal.
India Inc is expecting a slew of economy-boosting steps such as income-tax rate cuts, increased rural infrastructure spending, and job creation measures in the Union Budget this time
At the other end of the spectrum, Essel Group topped the list of losers, followed by Vedanta and Munjal (Hero) group
The surge in wealth creation in the sector has been led by private banks and non-banking financial companies (NBFCs).
Growth rate seen moderating further given little sign of revival
As many as 63 stocks have zoomed over 1,000 per cent during this period
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route
The shares of Bajaj Finance ended Monday's session at Rs 4,116. The offer price is at a discount of 5.2 to 6.2 per cent to the closing price on Monday.
The shares ended Monday's session at Rs 4,116
JM Financial, Axis Capital, Kotak Mahindra Capital, Morgan Stanley, and Nomura are advising the company on the share sale.
The QIP, for an aggregate amount of Rs 8,500 crore, is likely to be between Rs 3,810-3,900 per share
Now, the company has sought shareholders' approval for raising the limit which they expect to get in five-seven days
The non-banking financier has turned cautious on the lifestyle segment in Q2
Analysts still peg growth for FY20 upwards of 30%, even as management turned cautious after Q1
The S&P BSE Sensex Index posted its third day of losses on Tuesday, ending a surge since the Sept 20 announcement of the tax cuts
Thus far in the calendar year 2019, Bajaj Finance has outperformed the market by surging 54 per cent, as compared to an eight per cent gain in the Sensex.
The approval, it said, is subject to shareholders' nod to be sought through a postal ballot.
Total Income grew by 40 per cent year-on-year, though profitability of life and general insurances business dragged the overall show
Management is tightening its underwriting practices in select segments of lending as a measure of prudence, which may dent growth in the coming quarters