Bajaj Finance Shares Jump on Asset Growth
Bajaj Finance shares rose after reporting strong asset growth that beat expectations. Assets under management grew over a quarter to reach 5.85 trillion rupees. Analysts expect a guidance upgrade following the robust performance.
Xurve View
Insights:
Xurve View
BAJAJ FINANCE LTD shares rose 2.3% on Monday after the India non-bank lender reported a 25% surge in assets under management. The asset expansion is the highest in seven quarters, beating full-year growth projections. Investors are betting the momentum will force an upgrade to fiscal targets alongside a fresh capital injection.
