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BAJFINANCE - Bajaj Finance News Story

₹3474.8 2.9  0.1%

Last Trade - 18/09/20

Sector
Financials
Size
Large Cap
Market Cap £21.85bn
Enterprise Value £33.06bn
Revenue £2.85bn
Position in Universe 13th / 3004

BUZZ-India's Bajaj Finance rises as AUM under moratorium falls

Tue 7th July, 2020 6:08am
** Shares of Bajaj Finance Ltd  BJFN.NS  rise ~3.4% to 3,214
rupees, their highest since March 18
    ** Company says https://www.bseindia.com/xml-data/corpfiling/AttachLive/3df82004-2521-4fa8-b5d1-e6e0319239a8.pdf
 assets under management (AUM) under moratorium has reduced from
27% as of April 30, 2020 to about 15.5% as of June 30, 2020
    ** The decline in AUM under moratorium is a positive
surprise, says brokerage Emkay Global
    ** As a nationwide lockdown to curb the COVID-19 pandemic
brought economic activity to a standstill, India's central bank
in March announced a moratorium on term loan payments to provide
relief to borrowers
    ** Co to consider additional provisioning for pandemic 
    ** Stock among top four pct gainers on the Nifty 50 index
 .NSEI 
    ** Seventeen of 27 analysts covering stock have "buy" or
"strong buy" rating, 7 have "hold", while 3 rate it "sell";
median PT is 2,538 rupees - Refinitiv data
    ** Stock down nearly 27% this year, up to last close



 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))
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