Bajaj Finserv shares climbed 1.62% on Friday to ₹1,864.70, extending a weekly advance even as the stock remained lower year to date and over the past 12 months.
National Stock Exchange of India data showed the shares rose ₹29.70 from the previous close of ₹1,835.00. They traded between ₹1,800.10 and ₹1,864.70, finishing at the session high.
The stock was up 11.82% over one week and 6.41% over one month as of Nov. 6, according to the exchange. It was down 8.46% year to date and 9.62% over one year.
Separately, a company filing reported consolidated total income of ₹43,415.65 crore for the quarter ended Sept. 30, compared with ₹37,214.56 crore in the year-earlier quarter. Consolidated profit after tax rose to ₹5,952.01 crore from ₹4,746.47 crore. Profit attributable to Bajaj Finserv’s owners was ₹2,757.66 crore, up from ₹2,244.10 crore. EconoTimes previously covered the results in a report on Bajaj Finserv’s September-quarter profit.
The company’s release rounded the year-over-year increases to 17% for total income, 25% for consolidated profit after tax and 23% for profit attributable to owners.
Bajaj Finserv’s board approved the unaudited quarterly and half-year results on Nov. 3. The filing also said the company expressed an intent to subscribe for up to ₹5,800 crore in a preferential issue by Bajaj Finance, subject to final terms and required regulatory or statutory approvals.
