Bajaj Finserv shares rise after Q2 revenue growth
In short
Bajaj Finserv shares rose about 2% on Wednesday after the company reported Q2 revenue from operations of Rs 43,416 crore, up 17% from Rs 37,215 crore a year earlier.
The stock had also gained on Tuesday after the earnings update. The report does not say the profit number, and it is not clear how much of the move came from the results versus broker views.
What the reporting says
Bajaj Finserv shares rose about 2% on Wednesday after the company reported Q2 revenue from operations of Rs 43,416 crore, up 17% year on year from Rs 37,215 crore. The stock had also gained on Tuesday after the earnings update. The reporting does not give the profit figure here, and the reason for the move is tied to the revenue print and market reaction.
Why it matters
Bajaj Finserv’s share price moved higher after its Q2 update showed revenue from operations rising to Rs 43,416 crore from Rs 37,215 crore a year earlier. The market reaction suggests investors focused on top-line growth, while the available reporting does not provide profit, margin or guidance details. Jefferies’ target-price view is mentioned in the headline, but its exact revised target is not stated in the supplied evidence.