Bajaj Finance at 52-week high
DSIJ Intelligence / 01 Aug 2016
Bajaj Finance is buzzing on bourses for all good reasons. The stock has gained further momentum after it announced its Q1FY17 results by declaring surge in net profits by 54 per cent YoY due to increase in net interest income. The stock has hit 52 w high at Rs 11, 410 per share on August 1.
Bajaj Finance is buzzing on bourses for all good reasons. The stock has gained further momentum after it announced its Q1FY17 results by declaring surge in net profits by 54 per cent YoY due to increase in net interest income. The stock has hit 52 w high at Rs 11, 410 per share on August 1.
The stock has caught investors attention due to stock split and bonus announcement made by the company management.
The stock has gained by almost 107 per cent in a 1 year period. Over 6 months time frame the stock has given a whopping 90 per cent returns. Over a 1 month period the stock has given 46.77 per cent indicating massive out-performance.
The stock has attracted investments from over 106 mutual fund schemes put together. In total Rs 1,935 crore has been invested in the stock by these 106 mutual fund schemes.
Bajaj Finance is trading at Rs 11278 on an intra-day basis at 12. 10 p.m. on Monday. BSE Sensex is trading at 28114 up by 67 points.
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