Bajaj Finance Ltd saw its shares surge by 4.68% on October 23, 2024, closing at ₹6,990.10, up from the previous close of ₹6,677.90. This increase resulted in a market capitalization gain of approximately ₹20,296 crore, bringing the company’s total market cap to ₹4,32,684.62 crore.
Bajaj Finance Q2 FY25 Performance
The company’s robust performance in Q2 FY25 was marked by a 13% year-on-year (YoY) growth in net profit to ₹4,014 crore. Additionally, Bajaj Finance’s Net Interest Income (NII) surged by 23% YoY, reflecting the company’s strong lending business growth.
Key Financial Highlights
- Net Profit: ₹4,014 crore (13% YoY growth)
- Net Interest Income (NII): Increased by 23% YoY
- Stock Price: Rose 4.68%, from ₹6,677.90 to ₹6,990.10
- Market Cap: Increased by ₹20,296 crore to ₹4,32,684.62 crore
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