Bajaj Finance on fire:
The share price of Bajaj Finance rose by Rs 669 on Thursday, July 28. Know full details.
The shares of Bajaj Group's company Bajaj Finance gained about 11 percent during trading on Thursday.
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.
With this, Bajaj Finance has overtaken LIC to become the 8th largest company in the country by market cap.
In the June quarter of FY22-23, Bajaj Finance posted a record profit, after which the company's stock jumped.
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.
The company's shares closed at Rs 7,065.50, up 10.46 percent, or Rs 669, on the National Stock Exchange.
During the June quarter of FY22-23, the profit of Bajaj Finance increased by 159 percent to Rs 2,596 crore.
Experts of the stock market say that the share of this company of Bajaj Group can go up to Rs 7,600.