28 Jul , 2022 By : Monika Singh
Bajaj Finance share price surged 5% to Rs 6,739 on NSE after the company reported 155% on-year rise in consolidated net profit at Rs 2,533.40 crore from Apr-June quarter, beating street estimates. Bajaj Finance reported Rs 993.85 profit in the same quarter of the previous year. Net interest income (NII) increased by 48% on-year to Rs 6,638 crore. The company also recorded the highest ever quarterly increase in its customer franchise of 2.73 million in the quarter under review. So far this year, Bajaj Finance stock has tumbled over 7%. However, analysts maintain a positive stance on the stock as they believe growth momentum will only get stronger from hereon.
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