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Bajaj Finance shares soar over 8 pc on robust Q1 earnings

Shares of Bajaj Finance today soared over 8 per cent after the company reported a 81 per cent jump in consolidated net profit in the June quarter.


PTI India
Updated: 20-07-2018 16:50 IST

Shares of Bajaj Finance today soared over 8 per cent after the company reported a 81 per cent jump in consolidated net profit in the June quarter.

The stock surged 8.10 per cent to settle at Rs 2,721.50 on the BSE. During the day, it advanced by 9 per cent to Rs 2,744.95 -- its 52-week high.

On the NSE, shares of the company zoomed 8 per cent to end at Rs 2,721.95.

The sharp gain in the stock helped the company's market valuation surge Rs 1,1774.48 crore to Rs 1,57,283.48 crore.

On the equity volume front, 4.40 lakh shares of the company were traded on the BSE and over 73 lakh shares changed hands on the NSE during the day.

Bajaj Finance yesterday reported a 81 per cent year-on-year jump in consolidated net profit to Rs 836 crore in the June quarter, helped by better operating expenses and increase in fee income.

The company had posted a net profit of Rs 461 crore in the same quarter last year.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : India

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