India's Bajaj Finserv rises on jump in Q3 profit

Bajaj Finserv

30/01/2023 08:16

**  Shares of financial services firm Bajaj Finserv
 BJFS.NS  rise as much as 3.5% to 1360 rupees, highest in more
than a week on quarterly results
    ** Stock set to snap nine straight sessions of losses, if
gains hold
    ** Among top pct gainers on the Nifty Financial Services
index  .NIFTYFIN , which is down 0.9%
    ** Co says its consolidated net profit for quarter ended
Dec. 31 is up 42% year-on-year at 17.82 billion rupees ($218.33
million)
    ** Total revenue from operations rises 23.7% to 217.55
billion rupees
    ** More than 2.9 million shares change hands by 1:17 a.m.
IST, vs 30-day avg of 2.4 million shares
    ** Four of the eight analysts covering the stock have a
"buy" or "strong buy" rating, two have "hold", while two rate it
at "sell" or "strong sell;" median PT is 1,700 rupees -
Refinitiv data
    ** Stock fell 5.7% in 2022, vs a 9.52% rise in the Nifty
Financial Services index
($1 = 81.6200 Indian rupees)
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))