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Bajaj Finance gains on reporting 63% rise in Q2 consolidated net profit

Bajaj Finance is currently trading at Rs. 4050.15, up by 18.20 points or 0.45% from its previous closing of Rs. 4031.95 on the BSE.

The scrip opened at Rs. 4080.00 and has touched a high and low of Rs. 4090.95 and Rs. 3968.00 respectively. So far 28257 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 4219.50 on 22-Oct-2019 and a 52 week low of Rs. 2000.80 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 4219.50 and Rs. 3968.00 respectively. The current market cap of the company is Rs. 233810.44 crore.

The promoters holding in the company stood at 58.26%, while Institutions and Non-Institutions held 29.23% and 12.51% respectively.

Bajaj Finance has reported 49.59% rise in its net profit at Rs 1376.67 crore for the quarter ended September 30, 2019 as compared to Rs 920.28 crore for the same quarter in the previous year. Total income of the company increased by 40.30% at Rs 5697.70 crore for Q2FY20 as compared Rs 4061.02 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 63.11% in its net profit at Rs 1506.29 crore for the quarter under review as compared to Rs 923.47 crore for the same quarter in the previous year. Total income of the company increased by 47.95% at Rs 6322.55 crore for Q2FY20 as compared Rs 4273.30 crore for the corresponding quarter previous year.