Bajaj Finance shares fell by Rs 74.5 or 0.89 per cent to close at Rs 8….

Bajaj Finance shares fell by Rs 74.5 or 0.89 per cent to close at Rs 8,330.9 on Monday. Concerns over the company’s rising provisions and deteriorating asset quality weighed on the stock. Bajaj Housing Finance reported a 25 per cent rise in profit after tax and stable asset quality, but it was not enough to lift overall market confidence in the company’s shares. The company’s net interest income (NII) recorded a 23 per cent YoY growth of 23. per cent, reaching Rs 9,382 crore in Q3, compared to Rs 7,655 crore in the same period last year. Its assets under management (AUM) saw a substantial 28 per cent increase, rising to Rs 3.98 lakh crore as of December 31, 2024, from £3.11 lakh crore a year earlier. The AUM of the housing finance arm increased by 26 per cent. to Rs 1.08 lakh crore from £85,929 crore.

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