The Bajaj Auto Finance scrip hit the 20 per cent upper circuit to close at Rs 177.35 on healthy quarterly numbers. The net profit for the June quarter jumped five-fold year-on-year to Rs 15.21 crore while total income increased 48 per cent to Rs 189.85 crore.
The company has seen good traction in consumer durable financing and loans-against-property businesses. The stock opened at Rs 150 (the lowest point of the day) and subsequently hit the upper circuit. The stock has made a 52-week high of Rs 188.2 (June 8) and a low of Rs 43.45 (March 19).
