Q2 biz update, ₹17,500-crore fundraise plan drive Bajaj Finance 4% higher
Bajaj Finance launched an initiative in a quarterly results development.
· Business Standard Mkts
Bajaj Finance shares gained 4 per cent after the NBFC announced its business update for the second quarter and unveiled a ₹17,500-crore fundraising plan.
The analysis
Bajaj Finance reported ₹17,500, with movement of 4% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.8% on the day at ₹955.65, and has returned -5.7% over three months. It sits 18% below its 52-week high. The financial services sector has moved -7.7% over the same period, so Bajaj Finance is running 2.0 points ahead of its peers.
For Bajaj Finance, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is BAJFINANCE.
- Sector exposure: Financial Services.
In this story
Related coverage
Banks vs NBFCs: Which stocks could benefit as RBI set to hike rates for the first time in 3 years?
Q2 results today: TCS, Indian Bank, 4 others set to announce earnings
Info Edge Q2 billings rise 12.8% to ₹822 crore, recruitment segment grows
Hotel stocks to check-in | Why buy Leela, Lemon Tree, ITC Hotels ahead of Diwali, holiday season? JM Financial explains
Jefferies cuts target prices for BSE, Turtlemint & other stocks ahead of Q2 results. Check list