India's Bajaj Finserv rises 3% as Q4 profit surges

Bajaj Finserv

27/04/2023 09:34

** Shares of Bajaj Finserv Ltd  BJFS.NS  rise as much as
2.9% to 1,374 rupees, highest since March 9
    ** The holding co of various financial services businesses
on Thursday said its consolidated net profit climbed 31.4% to
17.69 billion rupees ($216.57 million) for March-quarter
    ** Total rev from ops at 236.25 billion rupees, up 25.3%
    ** About 2.9 mln shares change hands by 1:54 p.m. IST, 1.7x
the 30-day avg - Refinitiv Data
    ** Stock trading above its 50-, 100-, and 200-day
exponential moving averages
    ** Of the eight analysts covering BJFS, six have a "buy" or
higher rating, while two have "hold"; median PT is 1,535 rupees
- Refinitiv data
    ** Stock last up 2.7%, cutting YTD losses to 11.5%



($1 = 81.6830 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))