{"id":111125,"date":"2023-10-04T13:46:24","date_gmt":"2023-10-04T08:16:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111125"},"modified":"2023-10-04T13:46:30","modified_gmt":"2023-10-04T08:16:30","slug":"nbfc-stock-jumps-in-early-trade-after-company-showcases-robust-growth-in-q2-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-jumps-in-early-trade-after-company-showcases-robust-growth-in-q2-check-the-details\/","title":{"rendered":"NBFC stock jumps in early trade after company showcases robust growth in Q2; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2734578221\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this non banking finance company have gained about 1.5 percent in the last 5 trading days, and the company has shown robust growth YOY in every aspect.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-747512738\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 11.21, 4th October shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BAJFINANCE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bajaj Finance Ltd<\/a><\/strong> were trading at Rs. 7,923 per share, and gained 1.48 percent in the last 5 trading days.\u00a0<\/p><p>Such bullish stock price movements are observed after the company announced through a regulatory filing at Bombay stock exchange (BSE) that in the September quarter of 2023, company\u2019s asset under management (AUM) increased by 33 percent to 290,200 crores. Loans booked in Q2FY24 are 26 percent higher to 8.53MM as compared to 6.76 MM in Q2FY23. Moreover, deposits witnessed YOY growth of 39 percent to 54,800 crores as of September 2023 from 39,422 crores as of September 2022.&nbsp;<\/p><p>Looking at the financial statements, company\u2019s revenue increased by 34.66 percent to Rs. 12,497 crores in Q1FY24 from Rs. 9,280 crores in Q1FY23, in the same time period net profit increased by 32.38 percent to Rs. 3,436.89 crores from 2,596.25 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3593110201\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Talking about the financial ratios, the company reported return on equity (ROE) of 23.7 percent and return on capital employed (ROCE) of 11.76 percent.&nbsp;<\/p><p>Bajaj Finance Ltd is mainly engaged in the business of lending, the company has diversified lending portfolio in retail, SMEs and commercial customers with a significant presence in urban and rural India.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Vinit Israni\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-357605701\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this non banking finance company have gained about 1.5 percent in the last 5 trading days, and the company has shown robust growth YOY in every aspect.&nbsp; At 11.21, 4th October shares of Bajaj Finance Ltd were trading at Rs. 7,923 per share, and gained 1.48 percent in the last 5 trading days.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12418,12777,12417,948,936],"class_list":["post-111125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bajaj-finance-latest-news","tag-bajaj-finance-q2-performance","tag-bajaj-finance-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NBFC stock jumps in early trade after company showcases robust growth in Q2; 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