Wednesday, 14 January 2015

Bajaj Finance zooms after strong Q3 result

Bajaj Finance has smartly moved higher in the noon deal session after company reported strong financial results for the quarter ended December 2014. 

According to a release issued by the Bajaj Finance to the BSE, the company's net profit has jumped over 33 per cent from Rs. 194 crore in Q3FY14 to Rs. 258 crore in Q3FY15. 

Total income has also increased by 37.3 per cent from Rs. 1,485 crore to Rs. 1,081 crore.

The stock has zoomed 11.7 per cent to touch a high at Rs. 3,890 following the announcement of Q3 results.

The stock is now up 7.6 per cent at Rs 3,744. The BSE counter has registered trades of around 38,000 shares, against its two-week daily average volume of 4,028 shares.

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