Moneycontrol
Last Updated : May 18, 2018 11:24 AM IST | Source: Moneycontrol.com

Bajaj Finance hits 52-week high; Axis Capital maintains hold with target Rs 2,050

The company board has recommended a dividend of Rs 4 per equity share of face value of Rs 2 each.

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Shares of Bajaj Finance touched 52-week high of Rs 2,145, rising nearly 4 percent intraday Friday. The company has registered 60 percent growth in its Q4FY18 net profit at Rs 720.95 crore against Rs 449.15 crore in a year ago period.

Revenue has increased to 3534.76 crore from 2661.81.

The company board has recommended a dividend of Rs 4 per equity share of face value of Rs 2 each.

The broking firm Axis Capital has maintained hold rating on Bajaj Finance with a price target of Rs 2,050.

According to broking house the asset quality is strong and management believes its portfolio quality is strong and poised to remain pristine.

It expect the management to continue on the current path of market share gains.

At 11:11 hrs Bajaj Finance was quoting at Rs 2,143.25, up Rs 76, or 3.68 percent.

Posted by Rakesh Patil
First Published on May 18, 2018 11:23 am
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