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Bajaj Housing Finance, Bajaj Finance Shares Gain Spotlight After Q2 Updates,  Explore the Latest Developments!

Bajaj Finance and Bajaj Housing Finance gained attention post-Q2 updates. Bajaj Finance shares remained flat in 2024, while Bajaj Housing Finance performed well after the IPO, despite recent declines.
Bajaj Housing Finance, Bajaj Finance Shares Gain Spotlight After Q2 Updates,  Explore the Latest Developments!

Bajaj Finance and Bajaj Housing Finance are in focus after releasing their Q2 business updates. Bajaj Finance shares have shown flat returns in 2024, contrasting the 14% rise in the BSE Sensex. Bajaj Housing Finance saw a significant post-IPO performance despite recent pullbacks.

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Bajaj Housing Finance reported its assets under management (AUM) crossed ₹1,00,000 crore, a 26% growth to ₹1,02,550 crore by September 30, compared to ₹81,215 crore a year ago. This growth trend is consistent with the previous two-quarters of FY25.

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Bajaj Finance’s customer franchise increased to 92.09 million at the end of Q2FY25 from 76.56 million a year earlier. During Q2FY25, 3.88 million new customers were added, showcasing the expanding customer base. The number of new loans booked also rose by 14%.

Bajaj Finance’s AUM grew 29%, reaching ₹3,73,900 crore by September 30, 2024, up from ₹2,90,264 crore a year earlier. Net liquidity surplus stood at ₹20,100 crore. Meanwhile, its deposits grew 21% to ₹66,100 crore from ₹54,821 crore a year ago.

Also Read: HDFC Bank Q2 Results

Despite delivering flat returns, Bajaj Finance remains a major player, while Bajaj Housing Finance has more than doubled its IPO issue price of ₹70, despite recent declines. The NBFC’s business growth highlights the sector’s resilience amidst changing market dynamics.

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