At 9:47 am, the stock was trading 1.7 per cent higher at Rs 3424 apiece. In comparison, the benchmark S&P BSE Sensex was hovering around 36,552 levels, up 0.19 per cent. A total of 4.68 lakh shares changed hands on the NSE and BSE till the time of writing of this report. Bajaj Finserv, its subsidiary, too was trading 1.3 per cent higher at Rs 7242 per share.
In the June quarter of FY20 (Q1FY20), Bajaj Finance
logged a 43 per cent jump in net profit at Rs 1,195 crore, driven by a jump in assets under management. The PAT in the previous quarter stood at Rs 836 crore. Assets under management rose 41 per cent to Rs 128,898 crore, from Rs 91,287 crore in the same quarter of the previous fiscal.