Bajaj Finance gains 4%, hits record high on strong December quarter results

The NBFC reported a strong 85 per cent YoY jump in consolidated net profit at Rs 2,125 crore, beating Street estimates.

Shares of Bajaj Finance hit a record high of Rs 8,043.50, up 4 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak market after the NBFC reported a strong 85 per cent year-on-year (YoY) jump in consolidated net profit at Rs 2,125 crore in the October-December quarter (Q3 of FY22), beating Street estimates.

The stock of non-banking finance company (NBFC) surpassed its previous high of Rs 8,020.20 touched on October 18, 2021. At 09:46 am, the stock was up 3 per cent at Rs 7,963, as compared to 0.65 per cent decline in the S&P