Shares of Bajaj Finance and Bajaj Finserv fell by 3.3% and 3%, respectively, on the BSE following the multibagger listing of Bajaj Housing Finance, which is the largest IPO of 2024 so far and was subscribed nearly 67 times the shares on offer. Bajaj Finance shares reached a day’s low of Rs 7,347.10, while Bajaj … Read more
Bajaj Finance reported 10% year-on-year growth in new loans booked in the quarter ended June 30, 2024, at 10.97 million compared to 9.94 million it booked in the corresponding period of the last financial year. The company’s deposits book stood at approximately Rs 62,750 crore as of June 30, 2024, as compared to Rs 49,944 … Read more
MUMBAI – Bajaj Finance is expected to report a strong double-digit growth in earnings for the quarter ended December, led by healthy loan growth, higher margins, and moderate costs. The non-bank finance major is seen reporting a 26.3% year-on-year (YoY) growth in net profit for the quarter to Rs 3,756 crore, the average of estimates … Read more
Shares of India’s largest NBFC Bajaj Finance on Thursday dropped up to 4% in the morning session but recovered all losses to trade in the positive zone after brokerages said they don’t see much impact of RBI direction to stop sanctioning and disbursing loans under its two lending products – eCOM and Insta EMI Card. … Read more
Brokerage firm CLSA maintained a buy rating on Bajaj Finance while Morgan Stanley recommended a buy on Can Fin Homes. Also, CLSA recommended a buy on Tata Motors and Jefferies has a buy rating on Kotak Mahindra Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA … Read more
The board of directors of Bajaj Finance Ltd will meet on October 5 to consider and approve fundraising through equity instruments. Among the various options, the board will consider preferential issue of shares or qualified institutional placement issue, it said in a regulatory filing. However, the company did not mention the amount it plans to … Read more
Bajaj Finance is expected to report up to 34% growth in net profit for the first quarter ended June, according to analyst estimates. The company will announce its first quarter earnings on Wednesday. The company’s new loans booked during Q1 grew by 34% to 9.94 million as compared to 7.42 million in the corresponding quarter … Read more
Global brokerage JP Morgan maintained an overweight rating on , HSBC initiated coverage on Kalyan Jewellers, Macquarie retained underperform on , and Citigroup maintained buy rating on GCPL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JP Morgan on Hindalco: Overweight| Target Rs 560JPMorgan maintained an overweight … Read more
Global brokerage Citigroup initiated coverage on Star Health with a sell rating, while Morgan Stanley maintained an overweight rating on . Credit Suisse retained outperform call on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Star Health: Sell| Target Rs 670Citigroup initiated coverage on … Read more
rallied more than 9 per cent in the morning trade on Thursday, a day after this NBFC company reported a 159 per cent year-on-year (YoY) growth in the net profit for the quarter ended June 2022. Brokerage firms upgraded the stock post-June quarter results on strong loan growth and improvement in net interest margins (NIMs). … Read more