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)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Pakistan: Leaked tape suggests ousted PM Imran Khan reached out to Zardari ahead of no-trust vote

Pakistan: Leaked tape suggests ousted PM Imran Khan reached out to Zardari ahead of no-trust vote

Nepal: Tara Air flight with 22 onboard, including 4 Indians, goes missing

Nepal: Tara Air flight with 22 onboard, including 4 Indians, goes missing

Russian President Putin warns France, Germany over arms supplies to Ukraine

Russian President Putin warns France, Germany over arms supplies to Ukraine

World No. 1 Iga Swiatek finds focus at French Open amid 31-match run

World No. 1 Iga Swiatek finds focus at French Open amid 31-match run

COVID-19: Maharashtra cumulative vaccination tally crosses 16.66 crore

COVID-19: Maharashtra cumulative vaccination tally crosses 16.66 crore