Bajaj Finance Rallies Over 9% After Reporting Highest-Ever Profit In Q1

Bajaj Finance on Wednesday reported its highest-ever consolidated quarterly net profit at Rs 2,596 crore for June quarter, helped by robust income

Bajaj Finance Rallies Over 9% After Reporting Highest-Ever Profit In Q1
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Shares of Bajaj Finance continued to rally on Thursday, climbing over 9 per cent after the company reported its highest-ever consolidated quarterly net profit for April-June.

The stock jumped 9.46 per cent to Rs 6,999 on the BSE.

At the NSE, it rallied 9.42 per cent to Rs 6,999.

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The stock was the biggest winner on both the BSE Sensex and NSE Nifty during the morning trade.

The 30-share BSE benchmark was trading 824.22 points higher at 56,640.54 and the Nifty advanced 232.50 points to 16,874.30.

Shares of Bajaj Finance had on Wednesday risen over 2 per cent after the earnings announcement.

Bajaj Finance on Wednesday reported its highest-ever consolidated quarterly net profit at Rs 2,596 crore for June quarter, helped by robust income.

The company had reported a net profit of Rs 1,002 crore in the year-ago period.

Total income rose 38 per cent to Rs 9,283 crore during the quarter as against Rs 6,743 crore in corresponding period last year.
 

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