scorecardresearchBajaj Finance shares continue to rally; jump over 9%

Bajaj Finance shares continue to rally; jump over 9%

Updated: 28 Jul 2022, 12:16 PM IST
TL;DR.
Shares of Bajaj Finance had on Wednesday risen over 2 per cent after the earnings announcement.
FILE PHOTO: A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas

FILE PHOTO: A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas

(PTI) 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 6,999 on the BSE.

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

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 2,596 crore for June quarter, helped by robust income.

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

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

First Published: 28 Jul 2022, 12:16 PM IST