Bajaj Finance Share Price: The share price of Bajaj Finance has seen a huge jump today. This surge in the company’s shares has been seen after the Reserve Bank’s decision. The central bank has lifted the ban on ecom and online digital ‘Insta EMI cards’.
As Q4 results disappointed investors, IT company stocks fell
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An increase of about 8 percent
Shares of Bajaj Finance Ltd on the BSE on Friday traded at Rs. Opened at 7350 level. Soon after, the company’s share price rose nearly 8 percent to Rs 7,400 on the BSE. At 12.20 pm, shares of Bajaj Finance Ltd rose 1.93 percent to Rs. was trading at 7013 levels.
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Market cap Rs. 4.5 lakh crore has been crossed
The company’s market cap has crossed Rs 4.5 lakh crore after the restrictions were lifted by the Reserve Bank of India. Let us tell you that in November 2023, the Reserve Bank of India banned eCom and online digital Insta EMI cards.
Expert has given ‘Buy’ rating
Brokerage firm MK Global has given ‘Buy’ rating to Bajaj Finance Limited. By FY 2025, the brokerage house has set a target of Rs. 9000 has been targeted. That is, the company’s stock can rise by more than 21 percent from today’s intra-day high.
What do the quarterly results say?
Bajaj Finance’s quarterly results were announced last week. The company said in a disclosure to the stock markets that the total net profit during January to March 2024 was Rs 3825 crore. Which is 21 percent more annually. Let us tell you that the total revenue of the company in the last quarter of the last financial year was Rs 14,932 crore.