Shares of Bajaj Finance surged 4 percent, to hit a high of Rs 4,383.05, also its fresh lifetime high, on the BSE on Wednesday after the non-banking finance company (NBFC) reported its highest ever quarterly consolidated net profit at Rs 1,614.11 crore in the December quarter of FY20 (Q3FY20), a jump of 52 percent year-on-year (YoY) from a net profit of Rs 1,059.56 crore (Q3FY19). For the quarter under review, the NBFC logged a consolidated net interest income (NII) of Rs 4,537 crore, a rise of 42 per cent, from Rs 3,206 crore reported in the December quarter of the previous fiscal.

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Shares of Rallis India continued their northward march post their Q3 results, rallying 7 percent on Wednesday to Rs 247 on the BSE. The stock has surged 47 percent in January after it delivered robust earnings Q3 on the back of a 35 percent yoy growth in the domestic business, which is the company's best performance in the last six years, albeit on a low base. The company’s profit before tax more-than-doubled at Rs 48 crore in December quarter (Q3FY20). It had PBT of Rs 20 crore in the same quarter last fiscal. Rallis recorded consolidated revenues of Rs 534 crore in Q3FY20, a growth of 28 percent over Rs 417 crore in the previous year's quarter. Net profit jumped 177 percent to Rs 38 crore from Rs 14 crore in the year-ago quarter.