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    500034   INE296A01024

BAJAJ FINANCE LIMITED

(500034)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-09-25
7255.75 INR   -3.34%
09/26We Win to Set Up Call Center for Payment Collection for Bajaj Finance
MT
09/19Indian Indices Snap Losing Streak on Monday; Mahindra & Mahindra Climbs 3%
MT
09/13Bajaj Finserv lifts Indian shares as investors look past inflation uptick
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Indian shares rise as Bajaj Finance, L&T jump on strong results

07/27/2022 | 07:16am EDT

BENGALURU, July 27 (Reuters) - Indian shares rebounded on Wednesday after a shaky start to the week, closing 1% higher, as Bajaj Finance and engineering major Larsen & Toubro advanced on better-than-expected earnings, offsetting investor worries ahead of the Federal Reserve's policy decision.

The NSE Nifty 50 index closed 0.96% higher at 16,641.8, while the S&P BSE Sensex rose 0.99% to 55,816.32. The indexes have risen over 5% each so far this month as crude prices dropped, easing inflation fears.

The session started on a muted note, following IMF's downgrade of India's growth outlook and as investors braced for the U.S. Federal Reserve to hike rates by 75 basis points.

But a strong advance in European stock markets on a batch of strong results helped boost sentiment.

In Mumbai, non-bank lender Bajaj Finance climbed 2.1% to its highest in nearly three months after reporting a better-than-expected jump in quarterly profit.

Enginering and construction conglomerate Larsen & Toubro jumped 2.6% to its highest since mid-April after beating profit estimates.

Top carmaker Maruti Suzuki India advanced 1.6% after reporting a rise in profit.

Meanwhile, the Nifty Pharma index added 2.3% to register its best day since May 20, with Sun Pharma gaining 3%.

Food delivery firm Zomato, which crashed around 22% over the last two sessions, climbed 5.5%.

Department store Shoppers Stop gained 7.9% to its highest in nearly four years after returning to a profit in the June quarter.

Tata Motors closed 0.7% higher ahead of its quarterly results. (Reporting by Chris Thomas in Bengaluru)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ FINANCE LIMITED -3.34% 7255.75 End-of-day quote.4.00%
LARSEN & TOUBRO LIMITED -0.33% 1851.3 End-of-day quote.-2.31%
MARUTI SUZUKI INDIA LTD -0.68% 8778 Delayed Quote.18.97%
NIFTY 50 0.20% 17052.5 Delayed Quote.-0.15%
SENSEX BSE30 -1.64% 57145.22 Real-time Quote.-1.90%
SHOPPERS STOP LIMITED -3.40% 699.35 End-of-day quote.111.35%
SUN PHARMACEUTICAL INDUSTRIES LTD. -0.08% 900.05 Delayed Quote.6.50%
TATA MOTORS LIMITED -6.00% 397.65 End-of-day quote.-17.56%
ZOMATO LIMITED 0.17% 57.85 Delayed Quote.-57.93%
All news about BAJAJ FINANCE LIMITED
09/26We Win to Set Up Call Center for Payment Collection for Bajaj Finance
MT
09/19Indian Indices Snap Losing Streak on Monday; Mahindra & Mahindra Climbs 3%
MT
09/13Bajaj Finserv lifts Indian shares as investors look past inflation uptick
RE
09/09Bajaj Finance Raises $75 Million Via Allotment of Debentures
MT
09/09Bajaj Finance Limited Announces Intimation of Allotment of Secured Redeemable Non-Conve..
CI
09/06Indian shares end choppy session lower as financials slip
RE
08/30Indian Indices Surge on Tuesday; Bajaj Finserv Jumps 5%
MT
08/30Indian shares post second straight monthly gain as banks, financials boost
RE
08/25Indian Indices End on Negative Note on Thursday; Adani Ports Drops 2%
MT
08/25India stocks, rupee, swaps, call at 1010 GMT
RE
More news
Analyst Recommendations on BAJAJ FINANCE LIMITED
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Financials
Sales 2023 279 B 3 414 M 3 414 M
Net income 2023 106 B 1 298 M 1 298 M
Net Debt 2023 2 027 B 24 846 M 24 846 M
P/E ratio 2023 41,4x
Yield 2023 0,29%
Capitalization 4 380 B 53 689 M 53 689 M
EV / Sales 2023 23,0x
EV / Sales 2024 20,1x
Nbr of Employees 35 425
Free-Float 39,9%
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Technical analysis trends BAJAJ FINANCE LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 7 259,50 INR
Average target price 7 786,27 INR
Spread / Average Target 7,26%
EPS Revisions
Managers and Directors
Rajeev Paraschandra Jain Managing Director & Executive Director
Sandeep Jain CFO, Head-Business Re-Engineering
Sanjivnayan Rahul K. Bajaj Non-Executive Chairman
Anurag Chottani Chief Technology Officer
R. Vijay Secretary & Compliance Officer
Sector and Competitors