Here’s a quick look at stocks likely to be in focus in today’s trade. Bajaj Finance, Adani Energy, Nestle India, SBI Life Shares of Bajaj Finance, Adani Energy, Nestle India, SBI Life will remain in focus as companies will declare Q1 earnings today. Infosys Infosys, India’s second-largest IT services exporter, posted a 9% year-on-year (YoY)
Bajaj Housing Finance (BHFL) on Wednesday reported a 21% year-on-year increase in its net profit to Rs 583 crore for the June quarter. Assets under management (AUM) grew 24% to Rs 1.20 lakh crore. However, the AUM growth was affected owing to an intense competition and a marginal decline in real estate demand. The net
Bajaj Housing Finance reported a jump in first-quarter profit on Wednesday, bolstered by strong credit growth. The country’s biggest home loan financier by market value reported a profit of 5.83 billion rupees ($67.50 million) for the three months ending June 30, up 21% from a year ago. Demand for homes in India, especially premium residences,
In September 2024, when Bajaj Housing Finance (BHFL) was listed, it was the most richly valued housing finance company (HFC) with a listing price of nearly 10 times its book value. At that valuation, BHFL’s market value hit a staggering Rs 1.5 lakh crore. That meant its market cap was equal to that of the