Tag Archives: Bajaj

Bajaj Finance posts 52% rise in Q3 profit, sets aside ₹85 crore for Karvy loan

Consumer durable lender Bajaj Finance on Wednesday reported a 52% year-on-year (y-o-y) rise in consolidated net profit of ₹1,614.11 crore, its highest-ever quarterly profit, on the back of healthy interest income. Bajaj Finance’s interest income surged 39% y-o-y to ₹6,104.84 crore in the December quarter of FY20. The other large component of its revenues was in the form of fees and commission ... Read More »

Bajaj Finance to launch QIP next week: Sources

Bajaj Finance will look to issue its qualified Institutional placement (QIP) next week, according to a CNBC-TV18 flash. The size of the QIP is reportedly about Rs 8,500 crore and its price band is likely to be between Rs 3,810–3,900 per share. Five to six domestic and foreign bankers  have been appointed for the issue of the QIP. Bajaj Finance posted a net profit ... Read More »

Buy Bajaj Finance; target of Rs 3860: Prabhudas Lilladher

We initiate coverage on Bajaj Finance (BAF) with a BUY given formidable franchise in consumer financing, strong growth momentum in rural finance and expected uptick in mortgage business post spin off in step down subsidiary. BAF has emerged strong in the recent NBFC rout given 1) <2% GNPA and 65-70% PCR across cycles, avg. 40% positive ALM gap in short ... Read More »

Bajaj Finance puts up a strong show, but consumption slowdown emerges

Investors have nothing but adulation for Bajaj Finance Ltd, which is visible in the outperformance of the stock compared to the broader market since last December. The fact that the scrip gained more than 4% intraday on Thursday shows investors were happy with its fourth quarter performance. It closed the day with a gain of 3.6%. After all, net profit growth ... Read More »

Bajaj REVEALS Husqvarna motorcycles’ launch timeline for India

Bajaj Auto has just revealed that the Husqvarna range of retro-modern motorcycles will be launched in India during 2019. This announcement was made at Bajaj Auto’s Annual General Meeting (AGM) held yesterday at Pune. The Husqvarna small capacity motorcycles including the Vitpilen 401 and Svartpilen 401 will be built at Bajaj Auto’s Chakan factory, alongside the KTMs. The Husqvarnas will ... Read More »

Bajaj mocks Royal Enfield in new Dominar 400 commercial

Bajaj mocks Royal Enfield in new Dominar 400 commercial Bajaj has released a new TVC for its flagship motorcycle Dominar 400 and sought to establish it as the real king on the highway. What’s striking though is that the commercial shows elephants in what is an apparent reference to rivals – Royal Enfield in particular – to establish how they are slow and lack the ... Read More »

Bajaj V15

The Bajaj V15 is the latest 150cc commuter motorcycle from Bajaj Auto. A homage to heritage and history, the V15 gets metal from the scrapped aircraft carrier INS Vikrant. In a way, that in itself is the USP of this bike, named after India’s first aircraft carrier – and marketed as a tough as nails, bold, sturdy new commuter motorcycle. ... Read More »