Bajaj Finance shares rise 5% after solid Q2 results, M-Cap hits 4,33,789 crore

Bajaj Finance Ltd shares rose nearly 5 per cent on Wednesday after the company reported a 13 per cent rise in consolidated net profit to reach Rs 4,014 crore in the second quarter. The NBFC had issued one in the same quarter last year Net profit of Rs 3,551 crore.
The stock emerged as the biggest gainer among Sensex and Nifty stocks, rising 4.89 per cent to Rs 7,004.85 on the NSE and 4.95 per cent on the BSE before settling at Rs 7,007.95 .
The company’s Market valuation increased by Rs 20,460.93 crore to Rs 4,33,789.53 crore.
Additionally, Bajaj Finance reported a consolidated total profit of Rs 17,095 crore for the quarter, as against Rs 13,382 crore in the same period last year, according to a regulatory filing on Tuesday.
However, the Pune-based company’s total expenses also rose to Rs 11,697 crore compared to Rs 8,624 crore last year.