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    Bajaj Finance gained 67 percent in last one year despite IL&FS crisis

    Bajaj Finance gained 67 percent in last one year despite IL&FS crisis

    Bajaj Finance gained 67 percent in last one year despite IL&FS crisis
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    By Mousumi Paul   IST (Updated)

    Financial services company Bajaj Finance has risen the most among NBFCs in the last one year, gaining 67 percent since last March.
    The gain is significant considering the September IL&FS liquidity crisis, which led to most HFC and NBFC stocks slipping over 50 percent immediately, with DHFL still struggling to recover.
    So far this month, Bajaj Finance has risen 6.50 percent as compared to Sensex and Nifty, which surged only 5.33 percent and 5.12 percent, respectively.
    In comparison, Bajaj Finserv rose only 35 percent year-to-date (YTD).
    In terms of earnings, Bajaj Finance has always delivered strong quarterly results. In Q3FY19, the company reported revenue growth of 32 percent YoY and net profit growth of 33 percent YoY. The current return on equity is 20.27 percent and cash on books is about Rs 17,251 crore as on September 2018.
    The non-banking finance company is known for its famous no-interest EMI finance option in the consumption industry.
    With the Reserve Bank of India cutting repo rate by 25 basis points to 6.25 percent, a robust Q4 is expected for the company.
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