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Bajaj Finance Rides High: Market Cap Soars to Record Peak
Profitability Surge Drives Growth
Bajaj Finance, a leading non-banking financial company (NBFC) in India, has reported impressive financial results for the fiscal year ending March 2023. The company's consolidated profit after tax (PAT) jumped by a significant 21% year-over-year (YoY) to Rs 3,824 crore.
Market Capitalization Reaches New Heights
In line with its robust financial performance, Bajaj Finance's market capitalization on the Bombay Stock Exchange (BSE) has reached a record peak of Rs 404 lakh crore. This notable milestone reflects the company's strong market presence and investor confidence.
Fixed Deposit Rate Hike
In a move to attract depositors, Bajaj Finance has recently increased its fixed deposit (FD) rates by up to 60 basis points (bps). This rate hike is effective from April 8, 2023, and will provide investors with higher returns on their deposits.
Liveblog for Real-Time Updates
For up-to-the-minute news and analysis on Bajaj Finance, investors can access the "Bajaj Finance Stock Liveblog." This dedicated platform provides comprehensive coverage of the company's performance, financial updates, and market trends.
Comprehensive Financial Information
Investors can also find detailed financial information about Bajaj Finance on various platforms, including ICICI Securities and Google Finance. These resources offer real-time quotes, historical performance charts, and other data to assist in making informed trading and investment decisions.
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