Bajaj Finance Ltd Share Price – NSE  /  BSE

Finance, Mid Cap

The rise in booking of new loans booked was on account of the resumed sanction and disbursal of loans under ‘eCOM’ and ‘Insta EMI Card’ and issuance of EMI cards after the RBI removed the restrictions on these businesses on 2 May 2024.

Customer franchise as of 30 June 2024 stood at 88.11 million as compared to 72.98 million as of 30 June 2023.

Assets under management (AUM) jumped by 31% to approximately Rs 354,100 crore as of 30 June 2024 as compared to Rs 270,097 crore as of 31 March 2023.

Net liquidity surplus stood at approximately Rs 16,200 crore as of 30 June 2024. The company said that its liquidity position remains strong.

The company’s deposits book stood at around Rs 62,750 crore as of 30 June 2024 as compared to Rs 49,944 crore as of 30 June 2023, a YoY growth of 26%.

Bajaj Finance is one of India’s leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence.

The non-banking financial company (NBFC) reported 21.11% increase in consolidated net profit to Rs 3,824.53 crore on a 31.36% jump in total income to Rs 14,931.98 crore in Q4 FY24 as compared with Q4 FY23.

Shares of Bajaj Finance rose 0.03% to Rs 7,253.95 on the BSE.

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Securities in F&O ban: India Cements and Hindustan Copper

Bajaj Finance’s new loans grew by 10% year-on-year to 10.97 million, AUM grew by 31% year-on-year to 3.54 lakh crore, and deposit book at up 26% year-on-year at 62,750 crores for the end of Q1 FY25.

Vedanta’s aluminum production up 3% year-on-year at 596 kt, while Saleable zinc production up 1% year-on-year at 262 kt, Saleable steel production up 10% year-on-year at 356 kt, YoY, Overall power sales at 4,791 MU, up 13% YoY for the end of Q1 FY25.

Suryoday Small Finance Bank’s gross advances jumped 42% year-on-year at Rs 9,037 crore , deposits up 42% YoY at Rs 8,137 crore, CASA ratio stood at 17.7 in Q1 FY25 as compared with 20.1% in Q4 FY24 while GNPA was at 2.67% in Q1 FY25 as against 2.80% in Q4 FY25.

Bandhan Bank reported loans and advances at Rs 1,03,169 crore, up 21.8% YoY, Deposits stood at Rs 1.08 lakh crore, up 22.8% year-on-year, While CASA ratio was at 36% in Q1 FY25 as compared with Rs 37.1% in Q4 FY24.

L&T Finance reported portfolio realization at 95%, retail disbursement up 33% year-on-year at Rs 14,830 crore and retail loan book up 31% year-on-year at Rs 84,440 crore.

Persistent Systems acquired a 100% stake in US-based software company Starfish Associates for $20.7 million.

Cello World launched a qualified institutional placement to raise upto Rs 800 crore.

Marico partnered with Kaya to handle sales of its science-based personal care products.

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Bajaj Finance Ltd fell for a fifth straight session today. The stock is quoting at Rs 7068.85, down 0.92% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 23535.6. The Sensex is at 77364.17, up 0.2%.Bajaj Finance Ltd has gained around 2.51% in last one month.Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has increased around 4.89% in last one month and is currently quoting at 22991.55, up 0.21% on the day. The volume in the stock stood at 3.93 lakh shares today, compared to the daily average of 13.68 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 7065, down 0.89% on the day. Bajaj Finance Ltd jumped 1% in last one year as compared to a 25.92% rally in NIFTY and a 18.02% spurt in the Nifty Financial Services index.

The PE of the stock is 34.91 based on TTM earnings ending March 24.

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Bajaj Finance will hold a meeting of the Board of Directors of the Company on 23 July 2024.

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