Bajaj Finance shares continue to gain; jump nearly 6%

Bajaj Finance shares continue to gain; jump nearly 6%

PTIUpdated: Wednesday, May 29, 2019, 08:04 PM IST
article-image

New Delhi: Shares of Bajaj Finance continued to gain for the second day Friday, rising nearly six per cent to hit 52-week high, after the company reported 50 per cent jump in net profit for March 2019 quarter.

The scrip jumped 5.62 per cent to Rs 3,286.90 on BSE. On NSE, shares climbed 5.72 per cent to Rs 3,288 – its one-year-high. The scrip was the top gainer among the frontline companies on both key indices during the morning trade. Shares of Bajaj Finance Thursday climbed four per cent.

Bajaj Finance Thursday reported 50 per cent jump in standalone net profit to Rs 1,114 crore for March 2019 quarter. The company registered a profit of Rs 743 crore in the corresponding quarter a year ago. Total income during the quarter rose to Rs 4,887.76 crore from Rs 3,424.99 crore in the year-ago period, the company said in a regulatory filing.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...