Left Menu
Development News Edition

Bajaj Finserv shares jump nearly 6 pc post Q1 earnings

Shares of Bajaj Finserv today surged nearly 6 per cent after the company reported a 41 per cent jump in consolidated net profit for the quarter ended June.


Bajaj Finserv shares jump nearly 6 pc post Q1 earnings
Bajaj Finserv yesterday reported a 41 per cent jump in consolidated net profit at Rs 826 crore for the quarter ended June. (Image Credit: Twitter)

Shares of Bajaj Finserv today surged nearly 6 per cent after the company reported a 41 per cent jump in consolidated net profit for the quarter ended June.

The stock soared 5.70 per cent to close at Rs 6,666.20 on BSE. Intra-day, it jumped 7.44 per cent to Rs 6,776.35 -- its 52-week high.

At NSE, shares of the climbed 5.76 per cent to end at Rs 6,660.10.

The company's market valuation went up by Rs 5,716.43 crore to Rs 1,06,080.43 crore.

Bajaj Finserv yesterday reported a 41 per cent jump in consolidated net profit at Rs 826 crore for the quarter ended June.

The company had made a net profit of Rs 585 crore in the corresponding April-June quarter of 2017-18.

Total income rose by 16 per cent to Rs 8,771 crore from Rs 7,536 crore in same period a year earlier, Bajaj Finserv (BFS) said in a release.

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

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Future of Food: Technology fostering the road to global food security

Technological innovation can help address most of the pressing issues facing the world today including food security by enhancing productivity, improving financial services, managing resources, addressing environmental concerns, etc....

Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Now it’s a war, Uganda deploys army to combat locust swarms

Its for the first time after 1986, the locust swarms have attacked Uganda twice in a season. With the increasing number of countries of Africa under attack by locust swarms, the problem seems to have taken a regional paradigm. Its very diff...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Videos

Latest News

Mumbai First, in Association With The Govt of Maharashtra and The Union Ministry of Environment, to Host Climate Crisis as City Braces for a Climate Emergency

Not-for-profit, public policy think tank, Mumbai First is set to host a two-day international conference, Climate Crisis Action for Tropical Coastal Cities in collaboration with the European Union and CSIR-NEERI, supported by The Governmen...

India, US united in defending its people from radical Islamic terrorism: Trump

India and the United States are united in defending its citizens from the threat of radical Islamic terrorism, said US President Donald Trump on Monday. The United States and India are firmly united in our iron-clad resolve to defend our ci...

China 'comprehensively' bans illegal wildlife trade

Beijing, Feb 24 AFP China on Monday declared an immediate and comprehensive ban on the trade and consumption of wild animals, a practice believed responsible for the deadly coronavirus outbreak.The countrys top legislative committee met on ...

UPDATE 1-EU says not yet planning travel restrictions over virus

The European Commission said on Monday the European Union was not yet considering suspending travel within the border-free Schengen area after an outbreak of coronavirus in Italy, but it was preparing contingency plans.Four people have died...

Give Feedback