Bajaj Finance shares gain after Q3 net profit jumps 58 per cent

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Updated: February 3, 2016 5:10:34 PM

Bajaj Finance shares rose after the company reported 58.08 per cent rise in its net profit at Rs 408.46 crore for the quarter ended December 31, 2015 as compared to Rs 258.38 crore for the same quarter in the previous year.

Bajaj FinanceBajaj Finance reported 58 per cent jump in net profit at Rs 408 crore for the quarter ended December on higher operating income. (Photo: Reuters)

Bajaj Finance shares rose 11.4 per cent on Wednesday after the company reported 58.08 per cent rise in its net profit at Rs 408.46 crore for the quarter ended December 31, 2015 as compared to Rs 258.38 crore for the same quarter in the previous year.

At 3.18 pm, Bajaj Finance shares were trading 9.48 per cent up at Rs 6382.00. The scrip opened at Rs 5780 and has touched a high and low of Rs 6495.90 and Rs 5601.50 respectively, in trade so far. Later, the scrip settled 3.39 per cent up at Rs 1880.70

The company’s total income has increased by 39.33 per cent to Rs 2069.62 crore for the quarter under review from Rs 1485.39 crore for the corresponding quarter of the previous year.

The scrip opened at Rs. 5780.00 and has touched a high and low of Rs. 6495.90 and Rs. 5601.50 respectively. So far 48566 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 6495.90 on 11-Jan-2016 and a 52 week low of Rs. 3919.00 on 30-Mar-2015.

Last one week high and low of the scrip stood at Rs. 6495.90 and Rs. 5601.50 respectively. The current market cap of the company is Rs. 34539.51 crore.

The promoters holding in the company stood at 57.60% while Institutions and Non-Institutions held 24.24% and 17.87% respectively.

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