Bajaj Finance shares jump nearly 10% on robust Q3 profit

Bajaj Finance's scrip today surged by nearly 10 per cent after the company reported 58 per cent jump in net profit for the quarter ended December.
Shares of the company soared 9.45 per cent to settle at Rs 6,380.50 on BSE. Intra-day, it zoomed 11.43 per cent to Rs 6,495.90, its 52-week high.
At NSE, the stock climbed 9.77 per cent to end at Rs 6,379.75.
The company added Rs 2,955.39 crore to its market valuation, which stood at Rs 34,220.39 crore at the end of trade today.
Bajaj Finance today reported 58 per cent jump in net profit at Rs 408 crore for the quarter ended December on higher operating income.

The company's net profit stood at Rs 258 crore during the corresponding quarter of the previous fiscal.
"Total income for the third quarter of 2015-16 is up by 39 per cent to Rs 2,069 crore from Rs 1,485 crore in the third quarter of 2014-15," the company said in a regulatory filing.
Its income from operations rose to Rs 1,971.71 crore during the quarter under review as against Rs 1,416.43 crore in the same quarter last fiscal.