Loan

Bajaj Finance up 6% as loan book grows

Image result for Bajaj Finance up 6% as loan book growsShares of Bajaj Finance Ltd were trading up 6 per cent at 3,618.45. At 12.30 pm, the stock of Bajaj Finance was trading 5.22 per cent higher at 3,592.75.

The non-banking lender says assets under management rose to 1.29 trillion ($18.79 bln) at end-June, as compared to 91,287 crore a year earlier. New loans booked in June-quarter rise to 7.3 million against 5.6 million a year earlier.

The stock hit an all-time intra-day high on Friday, but had fallen 8 per cent on Monday amid a broader sell-off in the Indian shares ($1 = 68.6630 Indian rupees)

[“source=thehindubusinessline”]