Bajaj Finance hits new high; stock rises 32% in two months since Q4 results

Bajaj Finance hit a new high of Rs 2,460 on the BSE, rising by 2% today and extending their 2.5% gain on Thursday, on expectations of healthy financial performance in Q1FY19.

Shares of Bajaj Finance hit a new high of Rs 2,460 per share on the BSE, rising by 2% today and extending their 2.5% gain on Thursday, on expectations of healthy financial performance for the quarter ended June 2018 (Q1FY19).

In past two months after the March quarter (Q4FY18) results, Bajaj Finance have outperformed the market by surging 32% as compared to 2.8% rise in the S&P BSE Sensex.

The company had reported a better than expected 60% year on year (YoY) jumped in its standalone net profit at Rs 7.21 billion in Q4FY18. Net revenue from operations