Bajaj Finance Ltd rose for a fifth straight session today. The stock is quoting at Rs 7128.8, up 0.04% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 24528.95. The Sensex is at 81248.89, down 0.05%. Bajaj Finance Ltd has added around 8.85% in last one month. Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has added around 6.12% in last one month and is currently quoting at 24726.95, down 0.43% on the day. The volume in the stock stood at 7.12 lakh shares today, compared to the daily average of 10.14 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 7143.75, up 0.11% on the day. Bajaj Finance Ltd is down 4.62% in last one year as compared to a 15.8% gain in NIFTY and a 14.72% gain in the Nifty Financial Services index.The PE of the stock is 32.4 based on TTM earnings ending September 24.Powered by Capital Market - Live

The key equity benchmarks continued traded with minor gains in afternoon trade. The Nifty traded near 24,650 mark after hitting the day's low of 24,583.85 in morning trade. Metal, auto and FMCG shares advanced while PSU bank, media and bank shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex, gained 98.84 points or 0.12% to 81,609.27. The Nifty 50 index added 40.75 points or 0.17% to 24,650.80. In the broader market, the S&P BSE Mid-Cap index added 0.18% and the S&P BSE Small-Cap index rose 0.39%. The market breadth was positive. On the BSE, 2,159 shares rose and 1,764 shares fell. A total of 130 shares were unchanged. Gainer & Losers: Bajaj Finance (up 2.24%), Shriram Finance (up 2.23%), Britannia Industries (up 1.95%), Asian Paints (up 1.40%) and Nestle India (up 1.35%) were the major Nifty gainers. Adani Ports & Special Economic Zone (down 1.05%), HCL Technologies (down 0.64%), Adani Enterprises (down 0.56%), State Bank of India (down 0.56%) and JSW Steel (down 0.45%) were major Nifty losers. Stocks in Spotlight: Senco Gold fell 0.92%. The company announced that its board has approved the opening of issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 1,139.49 per share. NTPC Green Energy advanced 0.92%. The company's wholly owned subsidiary, NTPC Renewable Energy (NTPC REL) has secured 500 MW of solar power capacity at a tariff of Rs 3.52 per KWh from the Solar Energy Corporation of India (SECI). H.G. Infra Engineering rallied 4.03% after the company said that it has received letter of award (LoA) from the Ministry of Road Transport and Highways (MORTH) for a hybrid annuity model (HAM) project in Uttar Pradesh. Saakshi Medtech and Panels hit an upper circuit of 10% after the company announced that it has received letter of business award (LoBA) worth Rs 250 crore from Mahindra & Mahindra for Supply of EV Panels. PNC Infratech jumped 9.32% after its subsidiary, Hathras Highways received provisional completion certificate for Uttar Pradesh-based national highway project awarded by NHAI on HAM dated 7 December 2023. Poonawalla Fincorp rose 1.59% after the company's nomination and remuneration committee, had approved the appointment of Salil Hajarnis as the chief technology officer (CTO) of the company. Alembic Pharmaceuticals declined 1.34%. The company has successfully completed the Brazilian Health Regulatory Agency (ANVISA) GMP audit at active pharmaceutical ingredient (API)-II Facilty at Panelav for its 8 APIs. The inspection was conducted from 16 to 20 September 2024. Global Markets: European stocks declined while most of the Asian markets advanced on Wednesday as investors eagerly awaited the release of key US inflation data. The data is expected to provide crucial insights into the Federal Reserve's potential interest rate decision next week. Meanwhile, China is gearing up for its annual economic work conference, where policymakers will outline the nation's economic agenda for the coming year. Recent strong stimulus signals from top Chinese leaders have boosted market sentiment, with President Xi Jinping expressing confidence in achieving the country's growth target. In the US, stocks retreated for a second consecutive day, primarily due to weakness in the technology sector. Investors remained cautious ahead of the inflation report and the upcoming Federal Reserve meeting. The S&P 500 fell 0.3% to 6,034.91 points on Tuesday. The NASDAQ Composite fell 0.2% to 19,688.98 points, while the Dow Jones Industrial Average fell 0.4% to 44,247.83 points. Google owner Alphabet Inc. was a standout performer, rising 0.6% after hours following a 5.6% jump during the session. The company announced a new breakthrough in quantum computing, which could herald a sharp increase in computing speeds. Investors are also seeking more cues on what President-elect Donald Trump's policies will entail for inflation and the economy, with his plans for increased trade tariffs expected to increase price pressures.Powered by Capital Market - Live

Bajaj Finance Ltd gained for a third straight session today. The stock is quoting at Rs 7075.35, up 2.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 24643.55. The Sensex is at 81565.76, up 0.07%. Bajaj Finance Ltd has risen around 6.59% in last one month. Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has risen around 5.26% in last one month and is currently quoting at 24802.95, up 0% on the day. The volume in the stock stood at 9.5 lakh shares today, compared to the daily average of 9.6 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 7095, up 2.16% on the day. Bajaj Finance Ltd is down 3.27% in last one year as compared to a 17.88% spurt in NIFTY and a 17.15% spurt in the Nifty Financial Services index.The PE of the stock is 31.54 based on TTM earnings ending September 24.Powered by Capital Market - Live

Bajaj Finance has allotted 1 lakh non-convertible debentures of face value of Rs 1 lakh each aggregating to Rs 1,000 crore on private placement basis on 10 December 2024. Powered by Capital Market - Live

Bajaj Finance Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 6797.7, up 0.86% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 24596.05. The Sensex is at 81427.54, up 0.58%. Bajaj Finance Ltd has dropped around 2.98% in last one month. Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has dropped around 2% in last one month and is currently quoting at 24562.6, up 0.41% on the day. The volume in the stock stood at 5.12 lakh shares today, compared to the daily average of 8.61 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 6807.1, up 0.79% on the day. Bajaj Finance Ltd is down 8.47% in last one year as compared to a 17.47% gain in NIFTY and a 17.3% gain in the Nifty Financial Services index.The PE of the stock is 30.62 based on TTM earnings ending September 24.Powered by Capital Market - Live

Bajaj Finance Ltd dropped for a fifth straight session today. The stock is quoting at Rs 6587.05, down 0.77% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Bajaj Finance Ltd has lost around 8.62% in last one month.Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has eased around 2.01% in last one month and is currently quoting at 23563.65, down 0.79% on the day. The volume in the stock stood at 4.38 lakh shares today, compared to the daily average of 9.89 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 6591.75, down 0.89% on the day. Bajaj Finance Ltd tumbled 8.82% in last one year as compared to a 20.25% rally in NIFTY and a 18.53% spurt in the Nifty Financial Services index.The PE of the stock is 30.23 based on TTM earnings ending September 24.Powered by Capital Market - Live

The Debenture Allotment Committee of Bajaj Finance at the meeting held on 28 October 2024 has allotted 6,020 NCDs at face value of Rs.10 Lakh each and 75,000 NCDs at face value of Rs.1 Lakh each, aggregating to ₹ 1,384.17 crore on private placement basis.Powered by Capital Market - Live

Net profit of Bajaj Finance rose 12.64% to Rs 3999.73 crore in the quarter ended September 2024 as against Rs 3550.80 crore during the previous quarter ended September 2023. Sales rose 27.49% to Rs 16736.58 crore in the quarter ended September 2024 as against Rs 13127.97 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales16736.5813127.97 27 OPM %70.2271.99 - PBDT5611.524916.28 14 PBT5401.484757.76 14 NP3999.733550.80 13 Powered by Capital Market - Live

Moody's Ratings stated that BFL's ratings consider its strong and entrenched franchise as the largest retail oriented non-bank finance company (NBFC) in India with a sizable customer base and distribution network; its diversified loan book, which supports its high risk-adjusted profitability; its capitalization; and its competitive funding costs. These strengths are counterbalanced by the company's focus on riskier unsecured consumer and small business loans, which are susceptible to higher credit costs during economic duress, and its reliance on wholesale funding. BFL will likely continue gaining market share and further augmenting its already sizable franchise with consolidated assets under management of INR3.5 trillion (US$42 billion) as of June 2024. Moody's expects the company to maintain its two-pronged strategy of having a mix of secured lending and unsecured lending. BFL's strong loan diversification gives it flexibility to calibrate loan growth depending on the prevailing asset quality trends in the respective segments. The diversification also helps in asset-liability management via a judicious mix of short- and long-term loan assets. Apart from product diversification, the company has substantial geographical and customer diversification. Although BFL's sizable unsecured lending exposes it to economic shocks, the company has employed various risk management processes to ensure adequate risk-adjusted returns. BFL's secured loans have experienced low charge-offs over the years. Like its industry peers, BFL relies on wholesale sources for its funding needs to a large extent. As of June 2024, its funding mix comprised domestic bonds (35%), bank loans (28%), term deposits (21%) and others. The company's cost of funds is among the lowest compared with all privately owned Indian NBFCs. BFL's funding and liquidity access also benefit from the company being a part of the large and well-known Bajaj Group. Bajaj Finance is one of India's leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence. The non-banking financial company (NBFC) reported 13.82% increase in consolidated net profit to Rs 3,911.98 crore on a 24% jump in total income to Rs 10,418 crore in Q1 FY25 as compared with Q1 FY24. The scrip shed 0.03% to currently trade at Rs 6902 on the BSE. Powered by Capital Market - Live

Among the components of the BSE Auto index, Bajaj Auto Ltd (down 11.69%), Bosch Ltd (down 3.8%),Hero MotoCorp Ltd (down 3.29%),Mahindra & Mahindra Ltd (down 3.04%),Exide Industries Ltd (down 2.87%), were the top losers. Among the other losers were TVS Motor Company Ltd (down 2.41%), Sundram Fasteners Ltd (down 2.25%), Ashok Leyland Ltd (down 2.18%), Cummins India Ltd (down 2.13%), and Apollo Tyres Ltd (down 2.08%).At 13:47 IST, the BSE SmallCap was down 596.5 or 1.04% at 56806.57.The BSE 150 MidCap Index index was down 220.58 points or 1.32% at 16532.95.The Nifty 50 index was down 198.05 points or 0.79% at 24773.25.The BSE Sensex index was down 488.92 points or 0.6% at 81012.44.On BSE,1259 shares were trading in green, 2622 were trading in red and 130 were unchanged.Powered by Capital Market - Live