The scrip rose 2.42% to Rs 3,447.20. The stock has traded in the range of Rs 3,417.70 and Rs 3,400 so far during the day. On the BSE, 7237 shares were traded in the counter so far compared with average daily volumes of 0.74 lakh shares in the past two weeks.

Bajaj Finance said its board of directors approved raising of capital through a Qualified Institutions Placement (QIP) for an aggregate amount not exceeding Rs 8500 crore by issue of equity shares and/or eligible securities. The announcement was made after market hours yesterday, 17 September 2019.

On a consolidated basis, the NBFC's net profit rose 43% to Rs 1195.25 crore on a 47.5% increase in the net sales to Rs 5808.29 crore in Q1 June 2019 over Q1 June 2018.

Bajaj Finance, a subsidiary of Bajaj Finserv, is an non-banking financial company (NBFC). The company deals in consumer finance, SMEs (small and medium-sized enterprises) and commercial lending, and wealth management.

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Bajaj Finance Ltd is up for a third straight session today. The stock is quoting at Rs 3429.05, up 1.66% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.71% on the day, quoting at 11024. The Sensex is at 37208.84, up 0.61%. Bajaj Finance Ltd has gained around 6.43% in last one month.

Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has gained around 0.22% in last one month and is currently quoting at 12235.9, up 1.07% on the day. The volume in the stock stood at 9.76 lakh shares today, compared to the daily average of 19.48 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 3427.5, up 1.5% on the day. Bajaj Finance Ltd is up 31.1% in last one year as compared to a 3.62% slide in NIFTY and a 9.06% slide in the Nifty Financial Services index.

The PE of the stock is 46.75 based on TTM earnings ending June 19.

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Bajaj Finance will hold a meeting of the Board of Directors of the Company on 17 September 2019.

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Bajaj Finance Ltd rose for a third straight session today. The stock is quoting at Rs 3375, up 1.53% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 11106.15. The Sensex is at 37628.39, up 0.36%. Bajaj Finance Ltd has added around 3.76% in last one month.

Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has added around 1.52% in last one month and is currently quoting at 12563.65, up 0.54% on the day. The volume in the stock stood at 13.96 lakh shares today, compared to the daily average of 22.77 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 3374.65, up 1.48% on the day. Bajaj Finance Ltd is up 15.09% in last one year as compared to a 5.39% fall in NIFTY and a 7.08% fall in the Nifty Financial Services index.

The PE of the stock is 46.09 based on TTM earnings ending June 19.

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