Bajaj Finance’s surge in 2 days pushes m-cap beyond Sun Pharma, IndusInd Bank

Gaining around 20 percent in this calendar year so far, Bajaj Finance has managed to boost its market capitalisation as well. In fact, the rise in the stock between Thursday and Friday has pushed up its market cap beyond Sun Pharma and IndusInd Bank.

Bajaj Finance saw its market capitalisation soaring to Rs 1,23,124.97 crore, followed by IndusInd Bank and Sun Pharma at Rs 1,15,939.95 and Rs 1,12,045 crore.

The Bajaj Group firm managed to add Rs 12,000 crore in market capitalisation since Thursday.

The shares 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.

At 14:02 hrs Bajaj Finance was quoting at Rs 2,146.05, up Rs 78.80, or 3.81 percent. It touched a 52-week high of Rs 2,153.75.

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