Bajaj Finance shares give up early gains; settle over 2% lower

Bajaj Finance shares give up early gains; settle over 2% lower

AgenciesUpdated: Wednesday, January 19, 2022, 05:53 PM IST
article-image
The stock surged by 3.82 per cent to touch its 52-week high of Rs 8,043.50 during the day on the BSE. |

Shares of Bajaj Finance surrendered all its early gains and settled over 2 per cent lower on profit-taking.

The stock jumped nearly 4 per cent during the early trade after the company reported an 85.5 per cent rise in consolidated net profit for the third quarter of the current fiscal.

The stock surged by 3.82 per cent to touch its 52-week high of Rs 8,043.50 during the day on the BSE.

The company's total income increased to Rs 8,535.06 crore for the quarter under review from Rs 6,658.34 crore in the year-ago period, according to a regulatory filing.

The company's Net Interest Income (NII) also witnessed a rise of 40 per cent at Rs 6,000 crore in the latest December quarter.

(With inputs from PTI)

RECENT STORIES

India Now Makes Faster Payments Than Any Other Country, Courtesy UPI: IMF

India Now Makes Faster Payments Than Any Other Country, Courtesy UPI: IMF

HUL Names Priya Nair As CEO & MD With Effect From August 1

HUL Names Priya Nair As CEO & MD With Effect From August 1

Canara Bank Withdraws Order Classifying Anil Ambani’s ₹1,050 Crore Loan Account As Fraudulent;...

Canara Bank Withdraws Order Classifying Anil Ambani’s ₹1,050 Crore Loan Account As Fraudulent;...

Singapore Airlines Partners With Mandai Wildlife Group To Offer Curated Wildlife Experiences And...

Singapore Airlines Partners With Mandai Wildlife Group To Offer Curated Wildlife Experiences And...

India Must Build Supply Chain Resilience In Energy Sector To Achieve Self-Reliance: Union Minister...

India Must Build Supply Chain Resilience In Energy Sector To Achieve Self-Reliance: Union Minister...