{"id":111288,"date":"2023-10-06T11:13:51","date_gmt":"2023-10-06T05:43:51","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111288"},"modified":"2023-10-06T11:13:57","modified_gmt":"2023-10-06T05:43:57","slug":"nbfc-stock-in-green-after-company-to-raise-8800-cr-through-qip","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-in-green-after-company-to-raise-8800-cr-through-qip\/","title":{"rendered":"NBFC stock in green after company to raise \u20b9 8,800 Cr through QIP"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-844672229\"><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>Stocks of India\u2019s largest Non banking financial corporation (NBFC) according to market cap rose by 1.31 percent after the company announced they are going to raise Rs. 10,000 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3278152911\"><!-- 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 11.05, 6th 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. 7,972.15 per share, up by 1.54 percent from previous closing price of Rs. 7850 per share.\u00a0<\/p><p>Such bullish stock price movements are observed after the company announced through a regulatory filing on Bombay stock exchange (BSE) yesterday that the company is going to raise Rs. 10,000 crores. <\/p><p>Out of which Rs. 8,800 crores will be raised through Qualified Institutional Placements (QIP) and remaining Rs. 1,200 crores will be raised through preferential allotment to promoter Bajaj Finserv.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3071548844\"><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>Looking at the financial statements, company\u2019s revenue increased by 34.66 percent to Rs. 12,497.81 crores in Q1FY24 from Rs. 9,280.92 crores in Q1FY23, in the same time period net profit increased by 32.38 percent to Rs. 3,436.86 crores from Rs. 2,596.25 crores.&nbsp;<\/p><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 a wholly owned subsidiary of Bajaj Finserv Ltd. it is engaged in business of lending and accepting deposits across retail, SMEs and commercial customers with a significant presence in both 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 Pravin Israni<\/strong><strong>&nbsp;<\/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-3196297726\"><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>Stocks of India\u2019s largest Non banking financial corporation (NBFC) according to market cap rose by 1.31 percent after the company announced they are going to raise Rs. 10,000 crores.&nbsp; At 11.05, 6th October shares of Bajaj finance Ltd were trading at Rs. 7,972.15 per share, up by 1.54 percent from previous closing price of Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"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":[12418,12875,12417,948,936],"class_list":["post-111288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bajaj-finance-latest-news","tag-bajaj-finance-qip-2023","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 in green after company to raise \u20b9 8,800 Cr through QIP - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Stocks of India\u2019s largest Non banking financial corporation (NBFC) according to market cap rose by 1.31 percent after the company announced they are going to raise Rs. 10,000 crores.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/nbfc-stock-in-green-after-company-to-raise-8800-cr-through-qip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBFC stock in green after company to raise \u20b9 8,800 Cr through QIP\" \/>\n<meta property=\"og:description\" content=\"Stocks of India\u2019s largest Non banking financial corporation (NBFC) according to market cap rose by 1.31 percent after the company announced they are going to raise Rs. 10,000 crores.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/nbfc-stock-in-green-after-company-to-raise-8800-cr-through-qip\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-06T05:43:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-06T05:43:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/nbfc-stock-in-green-after-company-to-raise-8800-cr-through-qip\/\",\"url\":\"https:\/\/tradebrains.in\/features\/nbfc-stock-in-green-after-company-to-raise-8800-cr-through-qip\/\",\"name\":\"NBFC stock in green after company to raise \u20b9 8,800 Cr through QIP - 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