logo
Bajaj Finance Ltd spurts 1.99%, up for five straight sessions

Bajaj Finance Ltd spurts 1.99%, up for five straight sessions

Bajaj Finance Ltd is quoting at Rs 946.5, up 1.99% on the day as on 12:44 IST on the NSE. The stock is up 32.07% in last one year as compared to a 5.65% gain in NIFTY and a 14.66% gain in the Nifty Financial Services.
Bajaj Finance Ltd rose for a fifth straight session today. The stock is quoting at Rs 946.5, up 1.99% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. Bajaj Finance Ltd has added around 3.21% in last one month.
Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has added around 2.53% in last one month and is currently quoting at 26851.2, up 0.89% on the day. The volume in the stock stood at 59.69 lakh shares today, compared to the daily average of 35.57 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 946.5, up 2.1% on the day. Bajaj Finance Ltd is up 32.07% in last one year as compared to a 5.65% gain in NIFTY and a 14.66% gain in the Nifty Financial Services index.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tata Sons Chairman N Chandrasekaran's salary package jumps 15% to Rs 156 crore
Tata Sons Chairman N Chandrasekaran's salary package jumps 15% to Rs 156 crore

Economic Times

time14 minutes ago

  • Economic Times

Tata Sons Chairman N Chandrasekaran's salary package jumps 15% to Rs 156 crore

N Chandrasekaran, the Executive Chairman of Tata Sons, pocketed Rs 155.81 crore in total compensation for the financial year 2024-25, up 15% from the Rs 135 crore he earned a year earlier, according to the company's latest annual report. The package included Rs 15.1 crore in salary and benefits, while a hefty commission on profits accounted for Rs 140.7 crore. ADVERTISEMENT Tata Sons reported a 24.3% drop in net profit to Rs 26,232 crore in FY25, down from Rs 34,654 crore in the previous fiscal. Chandrasekaran's payout cements his position as one of the highest-paid executives in India. Executive Director Saurabh Agrawal earned Rs 32.7 crore in FY25, up 7.7% from the previous year. Noel Tata, who joined the board in October 2024 after the death of Ratan Tata, received a commission of Rs 1.42 Puri, who retired in March 2025, was paid Rs 3.13 crore, while Bhaskar Bhat, who stepped down in August 2024, received Rs 1.33 crore. Venu Srinivasan, representing Tata Trusts, continued to decline any commissions. Speaking at the Indian Hotels Company AGM earlier this month, Chandrasekaran said the outlook for the Tata Group and India's consumption-driven sectors remains 'very strong and bright.' He said, 'As the consumption in India keeps growing, travels will continue to increase.' ADVERTISEMENT He also paid tribute to those who died in the recent Air India India's top corporate leaders, Chandrasekaran's pay is unmatched. ITC Chairman Sanjiv Puri earned Rs 25.66 crore in FY25, while Infosys CEO Salil Parekh's package stood at Rs 82 crore, including Rs 50.88 crore from stock options. ADVERTISEMENT TCS CEO K Krithivasan took home Rs 26.52 crore, Wipro CEO Srinivas Pallia received Rs 53.60 crore, and Tech Mahindra CEO Mohit Joshi's Rs 52.1 crore package was 840 times the average employee salary at his company. Also read | Adani Energy Solutions shares down 36% from peak. Can the stock breakout above Rs 940 after Q1 earnings? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)

Stock Radar: Balkrishna Industries stock breaks out from 1-year falling channel; what should investors do?
Stock Radar: Balkrishna Industries stock breaks out from 1-year falling channel; what should investors do?

Time of India

time16 minutes ago

  • Time of India

Stock Radar: Balkrishna Industries stock breaks out from 1-year falling channel; what should investors do?

Balkrishna Industries Ltd, part of the tyre and rubber product segment, recently broke out from a falling channel pattern on the weekly charts, opening the door for further upside potential. Medium-term traders can consider buying the stock for a potential target above the Rs 3,000 level in the coming weeks, suggest experts. Balkrishna Industries (BKT) is an Indian multinational tire manufacturer specializing in off-highway tires. The company

Executive Centre plans to raise ₹2,600 crore via fresh issue, files DRHP
Executive Centre plans to raise ₹2,600 crore via fresh issue, files DRHP

Business Standard

time16 minutes ago

  • Business Standard

Executive Centre plans to raise ₹2,600 crore via fresh issue, files DRHP

Bengaluru-based co-working major The Executive Centre (TEC) aims to raise Rs 2,600 crore in a fresh issue of Rs 2 per equity share and has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on the NSE and BSE, the company said in a statement. The company proposes to utilise the net proceeds to invest in TEC Abu Dhabi, a direct subsidiary, for the partial payment of the consideration related to the acquisition of TEC Singapore (SGP) and TEC Dubai, both step-down subsidiaries currently held by TEC Singapore, one of the company's corporate promoters. Investment firms such as Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (BRLMs) to the issue. The Offer for Sale (OFS) has not been disclosed by the company. Additionally, the company highlighted that, in consultation with the BRLMs, it may choose to raise up to Rs 5,200 million by issuing specified securities through a preferential offer or any other permitted method before filing the Red Herring Prospectus with the Registrar of Companies. This would be considered a pre-IPO placement. In an interview with Business Standard in March, Manish Khedia, managing director for West India, South India, and Sri Lanka at TEC, said, "In the next three years, we anticipate significant growth, aiming for a 25-30 per cent CAGR, up from our current 18-20 per cent rate. Additionally, we plan to increase our investments during this period.' Founded in 2008, TEC provides ultra-premium flexible space solutions across India, Singapore, the Middle East (including Dubai and Abu Dhabi in the United Arab Emirates), and Asia (including Jakarta in Indonesia, Ho Chi Minh City in Vietnam, Manila in the Philippines, and Colombo in Sri Lanka). The company leases bare-shell spaces and transforms them into tech-enabled, fully managed premium workspaces. These include private offices and managed solutions, serving MNCs, SMEs, and other entities. As of March 31, 2025, it operated 89 centres across 14 cities in seven countries, with 80 offering private offices. The company's partnership portfolio includes Earnest Towers Private Limited, Panchshil Corporate Park Pvt. Ltd., Prestige Estates Projects Limited, RMZ, Sattva Group, Dubai World Trade Centre LLC, and Alborz Developers Limited, a subsidiary of Bharti Realty. In fiscal 2025, the company served a diverse client base of over 1,550 clients, comprising MNCs, marquee brands, and small and medium-sized enterprises. Some marquee clients include Anaplan Middle East Ltd, ArcelorMittal Nippon Steel India, BBVA, Indian School of Business, Sandvik, GreenOak India Investment Advisors Private Limited, Truecaller, Zscaler, OpenText, and the National Payments Corporation of India (NPCI), among others. In FY25, the company served over 1,200 multinational clients, with an average of 24 workstations per client and an average client tenure of 50.46 months. Furthermore, in the fiscal year ended on March 31, 2025, the company reported total income of Rs 1,346.40 crore, up 27.58 per cent from Rs 1,055.32 crore in FY24. Revenue from operations grew 27.59 per cent to Rs 1,322.64 crore. EBITDA rose to Rs 713.33 crore, compared to Rs 583.55 crore in FY24 and Rs 468.03 crore in FY23.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store