BAJAJ FINANCE RESULTS
Profit-booking blues: Sensex, Nifty end flat despite early gains, but investors reap Rs 1.21 lakh crore
After an initial surge, the BSE Sensex retreated, closing marginally lower by 0.03% at 79,897.34, dragged down by selling pressure on major stocks. The NSE Nifty also experienced a similar trajectory, ending the day with a slight dip of 0.03% at 24,315.95, following a volatile trading session.
Buy stocks in every dip: A cheat sheet to find right stocks from the right sectors
CA Rudramurthy BV shares insights on the market, highlighting opportunities in IT, pharma, and FMCG sectors. He recommends caution with PSUs and emphasizes stock-specific investments. Bajaj Finance and Manappuram show potential for gains with tight stop losses. Rudramurthy says "we are in the mother-of-all-bull market and this market, both magnitude-wise and time-wise, will surprise on the upside and it is a buy-on-every-dip market."
Maruti Suzuki drives market euphoria: Sensex, Nifty notch all-time closing highs
Maruti Suzuki and consumer stocks kept D-Street benchmarks on track to continue their post-election rally. The 30-share Sensex advanced 391 points to settle at 80,352. The broader NSE Nifty gained 113 points to top 24,430. A strong macroeconomic growth outlook and steady return of foreign inflows also boosted investor sentiments. The market capitalisation of all listed companies on the BSE increased by Rs 1.58 lakh crore to Rs 451.29 lakh crore.
Bajaj Finance can become best pick in financial space amongst largecaps in one or two quarters: Digant Haria
Whatever growth will pick up will probably happen on the infra corporate side. HDFC is not known to be very strong on those sides. So, I do not see that growth and the margin problems will get solved in the immediate quarter and the stock has had a good run up along with the market. So, I think people should celebrate and you have to wait for a few more quarters before the results actually fire up.
5 stock market myths in a raging bull market: Kotak Equities
Despite the ongoing bullish trend on D-Street with frequent new highs, Kotak Institutional Equities has cautioned investors by debunking five prevalent market myths in a recent note. Among these myths are beliefs that Indian markets are currently trading at reasonable valuations and that robust GDP growth guarantees high returns.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 25%
While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
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U-Turn: Sensex, Nifty erase gains after hitting record highs
From the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.Shares of Kotak Mahindra dropped 2% after US short-seller Hindenburg said that the lender created and oversaw a fund that Hindenburg investors used to short Adani stocks.
We are in a very mature bull market which is still not very expensive: Gautam Shah
Gautam Shah says “chartically, we are very, very well placed. There is still a lot of concern whether we are going to top out or not and markets never top out on concern or fear. He does not think there is still greed in the system and so there is still a long way to go. One should stay committed without overanalysing or trying to make in and out moments daily.
ITC, Bharti Airtel’s weight may go up in Nifty rejig. $95 million passive inflows expected
ITC and Bharti Airtel’s weights in Nifty is expected to go up in the quarterly rejig which gets into effect on Thursday, triggering combined inflows of $95 million according to estimates by Nuvama.
Understanding the rate of interest against gold loans in 2024
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Nifty May poll vault above 23,110 life-high
Nifty is expected to cross its current all-time high of 23,110 early this week driven by optimism around the exit polls that is hinting at the BJP-led NDAreturning to power with a strong majority. Analysts expect short covering if Nifty holds above the 21,821 zone. Bajaj Auto, Britannia, Coal India, HDFCBank, Union Bank, Fortis, Indus Towers, Dixon and BHEL are some of the stocks recommended by the analysts for short-term trading
Understanding the impact of gold loan interest rates with Bajaj Finance
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Q4 results this week: Zomato, Airtel, M&M among 501 companies set to announce earnings this week
Some notable companies that will announce their earnings this week include Varun Beverages, Zomato, Airtel, Siemens, Power Finance Corp, Mahindra and Mahindra, HAL, and JSW Steel, among others. Overall, around 501 companies are set to release their quarterly numbers this week.
Q4 Impact: Bajaj Finance, Coal India among top 10 upgrades and downgrades by Motilal Oswal
In the interim review of the Q4FY24 earnings, Motilal Oswal stated that excluding BFSI, profits for the MOFSL Universe would have declined 3% YoY (versus estimates of -4% YoY). Until now, 19 out of 27 companies within coverage have reported an upgrade/downgrade of more than 3% each, leading to an adverse upgrade-to-downgrade ratio for FY25.
Shriram Finance Q4 Results: PAT jumps 49% YoY to Rs 1,946 crore, NII rises 20%
Shriram Finance announced a final dividend of Rs 15 per share which will be paid to eligible shareholders before August 28. While the profit figure was close to the Street estimates, NII was above expectations.
Bajaj Finserv Q4 Results: PAT jumps 20% YoY to Rs 2,119 crore
Bajaj Finserv Q4 Results: Consolidated total income for the March quarter stood at Rs 32,042 crore as against Rs 23,625 crore a year-ago, an upside of 36% YoY.
Bajaj Finance may maintain 20-25% growth but 4.5x-5x one year forward price to book multiple at risk: Binod Modi
Binod Modi discusses Bajaj Finance's performance, including credit cost, growth potential, and asset quality concerns. Despite challenges like RBI restrictions and delinquencies, the company aims for growth through digital initiatives, facing competition and valuation risks.
Bajaj Finance shares fall 7% after Q4 results. Should you buy, sell or hold?
Bajaj Finance shares dropped on BSE as investors reacted negatively to Q4 results. Motilal Oswal downgrades the stock to neutral rating citing weak FY25 guidance. Concerns include new product segments like cars, tractors, CVs, and potentially MFI.
Bajaj Finance Q4 Results: PAT jumps 21% YoY to Rs 3,824 crore; dividend declared at Rs 36
The NBFC had reported PAT at Rs 3,157.79 crore in the year-ago period. Revenue from operations for the quarter stood at Rs 14,926 crore, up 31% YoY. The interest income in the January-March period stood at Rs 13,230.08 crore versus Rs 9,845.98 crore reported in the year-ago period. It was a 34% YoY jump.
Bajaj Finance Q4 results today: Stock drops 3% ahead of announcement
Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.
Q4 results today: Bajaj Finance, Nestle, Tech Mahindra among 44 companies to announce earnings
44 companies, including Nifty50 components like Bajaj Finance, Nestle, and Tech Mahindra, will reveal their earnings. Bajaj Finance may see a 22% rise in net profit, while Nestle expects a 17% profit jump, and Tech Mahindra anticipates a challenging quarter ahead.
Bajaj Finance Q4 Preview: Healthy profit, NII growth seen, but margins may contract
New loans booked during the fourth quarter rose by 4% to 7.87 mm as compared to 7.56 mm, according to a recent update by the company The new loans booked during the quarter were lower on account of the restrictions placed by the RBI on the company, on sanction and disbursal of loans under ‘eCOM’ and ‘Insta EMI Card’.
How to trade Maruti, RIL and 4 other stocks ahead of Q4 earnings
India VIX surged 17%, prompting trading strategies for Maruti, RIL, Tata Consumer Products, Axis Bank, Bajaj Finance, and HUL. Technical analysis indicated positive market movements with RSI and stochastic indicators. Watch for Iran-Israel developments and India VIX levels at 15.
Bajaj Finance Q3 net profit rises 22% on strong loan growth
Assets under management (AUM) grew 35% to ₹3.10 lakh crore during the quarter from ₹2.30 lakh crore a year ago led by a strong growth in two- and three-wheeler finance, urban loans and SME lending.
Bajaj Finance Q3 Results: Net profit rises 22% YoY to Rs 3,639 crore, but misses estimates
Bajaj Finance Q3 Results: Net interest income for the reporting period increased 29% to Rs 7,655 crore from Rs 5,922 crore in the same period of last year. The net total income jumped 25% year-on-year to Rs 9,298 crore in the October-December period, compared with Rs 7,438 crore in the corresponding period of last year.
Bajaj Finance Q3 results today: Here’s all Dalal Street needs to know before announcement
Bajaj Finance is set to release its quarterly earnings, with analysts expecting strong double-digit growth in earnings driven by healthy loan growth, higher margins, and moderate costs. The company's provisional updates showed a strong growth in assets under management (AUM) and new loan disbursements.
Q3 results today: ITC, Bajaj Finance among 88 companies to announce earnings on Monday
ITC Ltd is expected to announce its December quarter results on Monday. The company is likely to report a steady volume growth in both cigarettes and non-cigarette FMCG business, as well as strong traction in the hotel segment. However, the agri and paper and paperboards businesses may have been sluggish, restraining overall revenue growth. Analysts estimate a nearly 5% YoY growth in revenue to Rs 17,016 crore, a 2.5% YoY increase in EBITDA to Rs 6,378 crore, and a 2% growth in profit to Rs 5,137 crore.
Bajaj Finance Q3 Preview: PAT may rise 26% YoY led by robust loan growth, firm margins
Bajaj Finance is seen reporting a 26.3% YoY growth in net profit for the quarter to Rs 3,756 crore, the average of estimates given by eight brokerage firms showed. Kotak Institutional Equities expects the cost-to-average AUM ratio to remain moderate at 4.3% in Q3 FY24 versus 4.3% in Q2 and 4.6% in Q3 a year ago. We pen down credit costs of 1.5% for Q3, similar to the past three quarters.
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