Stock to watch: Bajaj Finance shares in focus today on Q2 business update
Bajaj Finance will be in focus in Friday's trade following a business update for the second quarter ended September 2024.
The company's new loans booked during the quarter 14% rose to 9.69 mm in Q2FY25 as compared to 8.53 mm in Q2FY24. Further, the assets under management (AUM) grew 29% to Rs 3.73 lakh crore.
The AUM stood at Rs 2.9 lakh crore at the end of September 2023 quarter. The AUM in Q2FY25 rose about Rs 19,700 crore.
Net liquidity surplus for the September quarter stood at Rs 20,100 crore.
Meanwhile, deposits book was at Rs 66,100 crore as of September 2024, compared with Rs 54,821 crore as of September 2023, showing a growth of 21%.
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