Bajaj Finance on fire:

The shares of Bajaj Group's company Bajaj Finance gained about 11 percent during trading on Thursday.

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The company's market valuation has increased by Rs 49,430.89 crore to Rs 4,28,419.89 crore in the last two days.

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With this, Bajaj Finance has overtaken LIC to become the 8th largest company in the country by market cap.

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In the June quarter of FY22-23, Bajaj Finance posted a record profit, after which the company's stock jumped.

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Shares of Bajaj Finance closed at Rs 7,076.30, up 10.68 percent on the BSE. During intraday, it had risen to 11.15 percent.

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The company's shares closed at Rs 7,065.50, up 10.46 percent, or Rs 669, on the National Stock Exchange.

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During the June quarter of FY22-23, the profit of Bajaj Finance increased by 159 percent to Rs 2,596 crore.

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Experts of the stock market say that the share of this company of Bajaj Group can go up to Rs 7,600.

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