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    500034   INE296A01024

BAJAJ FINANCE LIMITED

(500034)
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Indian shares rise on financials, energy boost; U.S. inflation in focus

06/10/2021 | 01:51am EDT

BENGALURU, June 10 (Reuters) - Indian shares extended gains from their opening levels on Thursday, boosted by financials and energy stocks, with investors eyeing U.S. inflation data to gauge its central bank's stance on trimming stimulus measures.

The blue-chip NSE Nifty 50 index rose 0.47% to 15,707.80 and the benchmark S&P BSE Sensex climbed 0.40% to 52,152.06 by 0505 GMT. Both the indexes closed more than 0.63% lower on Wednesday.

"Globally, stock market action in the next couple of days is likely to be decided by the U.S. inflation data to be released today." said V K Vijayakumar, chief investment strategist at Geojit Financial Services.

The data could offer clues on when the Federal Reserve might tighten its dovish monetary policy, which could ultimately impact foreign fund flows into emerging markets such as India.

At home, it has been a "buy on dips" market, with retail investor enthusiasm at an all-time high, Vijayakumar said.

The Nifty 50 and the BSE Sensex are set for a fourth straight weekly gain.

Reliance Industries Ltd and Bajaj Finance Ltd were among the top boosts to the Nifty 50, gaining between 0.8% and 2.5%. Shares of Reliance have risen in five of the last eight trading sessions.

The Nifty PSU Bank Index, which tracks state-run banks, was up as much as 1.55%. It has lost 2.50% so far this week.

The Nifty energy index, which has risen 1.48% so far this week, was up as much as 1.09%.

Meanwhile, India reported 94,052 new COVID-19 infections in the last 24 hours, staying below 100,000 cases for the third straight day. However, deaths rose by a record 6,148, the biggest single-day jump in the world. (Reporting by Rama Venkat in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ FINANCE LIMITED 0.00%End-of-day quote.0.00%
NIFTY 50 -0.05% 15683.35 Delayed Quote.12.17%
RELIANCE INDUSTRIES LIMITED 0.45% 2225.65 Delayed Quote.12.11%
SENSEX 30 0.04% 52344.45 Real-time Quote.9.62%
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Financials
Sales 2021 172 B 2 313 M 2 313 M
Net income 2021 46 736 M 630 M 630 M
Net Debt 2021 - - -
P/E ratio 2021 77,9x
Yield 2021 0,13%
Capitalization 3 652 B 49 242 M 49 256 M
Capi. / Sales 2021 21,3x
Capi. / Sales 2022 18,1x
Nbr of Employees 26 969
Free-Float 39,0%
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 6 087,30 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers and Directors
NameTitle
Rajeev Paraschandra Jain Managing Director & Executive Director
Sandeep Jain Chief Financial Officer
Anurag Chottani Chief Information Officer
R. Vijay Secretary & Compliance Officer
Ranjan Surajprakash Sanghi Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BAJAJ FINANCE LIMITED0.00%49 242
SYNCHRONY FINANCIAL32.93%26 835
ORIX CORPORATION20.13%20 979
MUTHOOT FINANCE LIMITED21.63%7 965
ONEMAIN HOLDINGS, INC.17.73%7 625
ACOM CO., LTD.17.91%7 388