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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Bajaj Finance shares explode 7%, make investors Rs 46,445 crore richer. Is it still a buy?

Bajaj Finance NBFC Citi Sudeep Shah CLSA HSBC Nomura Nuvama

The shares of Bajaj Finance sharply rallied more than 7% to hit a fresh 52-week high on Friday, adding more than Rs 46,445 crore to its total market capitalisation after the company’s Q1 earnings print impressed the bulls of Dalal Street.

Bajaj Finance shares sharply rallied to a fresh 52-week high of Rs 1,128 apiece on Friday. The stock is on track to record its sharpest single-day surge in three months. This comes after the non-banking financial company reported a 28% year-on-year growth in its standalone net profit at Rs 6,081 crore for the first quarter of FY27.

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