On a consolidated basis, its net profit was down 4% to Rs 1,002 cr
The Street will likely monitor the NPA ratios that surged in the June quarter
Cement maker ACC reported an over two-fold jump in consolidated net profit to Rs 569.45 crore for the second quarter ended June 2021
In the past three months, the stock of Bajaj Finserv has outperformed the market by surging 31 per cent as compared to a 6 per cent rise in the S&P BSE Sensex
Bajaj Finance's stock price has broken out from symmetrical triangle on the daily charts, and rising volumes have confirmed the breakout
In Q1FY22, it booked 4.6 mn new loans while in the previous quarter it had booked 5.47 million. On a YoY basis, there is a 1.5x jump in new loans booked
The management of Bajaj Finance in a mid-quarter update indicated some adverse impact of Covid-19-related fresh lockdowns on business during the April-June quarter (Q1FY22)
The NBFC anticipates Rs 1,100 cr- Rs 1,300 cr increase in credit costs and estimates both gross NPAand net NPA will be higher through the first two quarters of FY22
Bajaj Finance, in a mid-quarter update, indicated that its B2B and Auto Finance businesses were most affected due to strict lockdowns in majority of states
Company says growth plan for its asset under management (AUM) in FY22 will see an impact of Rs 4,000 crore at least
The stock price of Bajaj Finance has broken out on the daily chart by surpassing the resistance level of 5800 with higher volumes
A Price-volume breakout above Rs 475 level, logged on May 31, may result in a rally towards Rs 550 and Rs 580-mark in PNB Housing Finance
HDFC Securities notes that Bajaj Finance reported muted performance primarily on account of higher employee expenses
FMCG major Britannia Industries reported a 3 per cent YoY decline in consolidated net profit at Rs 360.07 crore in the fourth quarter ended March 31
The company had posted a net profit of Rs 892 crore in the corresponding quarter last year
Total income fell by 5 per cent to Rs 6,855 crore from Rs 7,231 crore in year-ago period
The recent correction in the markets dragged Bajaj Finance's from the high of Rs 5,800 towards Rs 4,400-mark
The deciding factor in days to come has to be the financial space
Pace of new customer addition up in Q4, though new loans acquired lags year-ago level
New loans booked during Q4FY21 were 5.5 million as against 6 million in Q4FY20