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Bajaj Finance shares in news today as AUM in Q1 climbs 31%

Bajaj Finance shares in news today as AUM in Q1 climbs 31%

Bajaj Finance stock closed 1.25% higher at Rs 7251.80 on Wednesday. Market cap of Bajaj Finance rose to Rs 4.48 lakh crore.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Jul 4, 2024 9:15 AM IST
Bajaj Finance shares in news today as AUM in Q1 climbs 31%`Assets under management (AUM) climbed 31% to approximately Rs 3,54,100 crore as of June 30, 2024

Shares of Bajaj Finance are in news today after the NBFC reported a 10% year-on-year growth in fresh loans for June 2024 quarter. Loans climbed to 10.97 million in Q1 compared to 9.94 million it booked in the corresponding period of the last financial year.

The company's deposits book climbed 26% YoY to nearly Rs 62,750 crore as of June 30, 2024  as compared to Rs 49,944 crore as of June 30, 2023.

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Assets under management (AUM) climbed 31% to approximately Rs 3,54,100 crore as of June 30, 2024 against Rs 2,70,097 crore on June 30, 2023. AUM in Q1 FY25 rose by approximately Rs 23,500 crore.

The stock closed 1.25% higher at Rs 7251.80 on Wednesday. Market cap of Bajaj Finance rose to Rs 4.48 lakh crore.

Total 0.73 lakh shares of the firm changed hands amounting to a turnover of Rs 47.91 crore on Monday.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Jul 4, 2024 8:48 AM IST
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