04-06-2023 10:45 AM | Source: Accord Fintech
Bajaj Finance rises on reporting 45% growth in deposits book in Q4FY23
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Bajaj Finance is currently trading at Rs. 5832.60, up by 66.95 points or 1.16% from its previous closing of Rs. 5765.65 on the BSE.

The scrip opened at Rs. 5765.65 and has touched a high and low of Rs. 5842.65 and Rs. 5705.00 respectively. So far 18382 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 7777.00 on 22-Sep-2022 and a 52 week low of Rs. 5235.60 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 5946.00 and Rs. 5586.10 respectively. The current market cap of the company is Rs. 347810.01 crore.

The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 32.30% and 11.79% respectively.

Bajaj Finance’s deposits book stood at around Rs 44,650 crore as of March 31, 2023 (Q4FY23) as compared to Rs 30,800 crore as of March 31, 2022, a Year on Year (YoY) growth of 45%. The company’s new loans booked during Q4FY23 grew by 20% to 7.6 million as compared to 6.3 million in Q4FY22. The Company booked highest ever new loans of 29.6 million in FY23.

Its core AUM grew by 29% to around Rs 247,350 crore as of March 31, 2023 as compared to Rs 192,087 crore (AUM excluding short term IPO financing receivable of Rs 5,365 crore) as of March 31, 2022. AUM in Q4FY23 grew by around Rs 16,500 crore.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.