Bajaj Finance gains 7% post September-quarter results

The stock was up 7% to Rs 2,230 on the BSE in early morning trade on Wednesday, recovered 11% from its Tuesday's low of Rs 2,001 post September-quarter results.

Shares of Bajaj Finance were up 7% at Rs 2,230 on the BSE on Wednesday in early morning trade, after the company reported strong earnings in the September-quarter and the management remains confident of robust growth in the coming quarters. The stock has recovered 11% from its Tuesday’s low of Rs 2,001 after the announcements of results.

The non-banking finance company has reported a better than expected 55% year-on-year (YoY) growth in its consolidated net profit at Rs 9.23 billion in the September quarter (Q2FY19). The company’s net interest income (NII) grew 42% YoY at Rs 27.29 billion during