Bajaj Finance Shares In Red After Q1, But Brokerages Remain Bullish

Category: Finance

Bajaj Finance reported a consolidated net profit of ₹3,911.98 crore for the quarter ended June, a 14% increase year-on-year. Despite a rise in net interest income and assets under management, the company's gross non-performing assets slightly increased. Brokerages like Morgan Stanley and Jefferies maintained positive ratings on the stock, although they noted concerns over credit costs and asset quality. Bajaj Finance's share price fell 1.72% to ₹6,611.70 following the earnings report.

Keywords: Bajaj Finance, earnings report, net profit

Source: Benzinga

Update At: 7/24/2024

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