Next week will see more than 500 companies from diverse sectors, including power, pharmaceuticals, FMCG, metals, and Auto, announcing their June quarter results.
The BSE Sensex closed the day at 81,463.09, down 721.08 points, or 0.88 per cent. The NSE Nifty50 fell 225.10 points, or 0.90 per cent, to settle at 24,837.
JM Financial said it continued to like Bajaj Finance given its ability to deliver sector leading growth on cross-cycle basis, but near term concerns around growth, asset quality and rich valuations might limit upside.
Shares of Bajaj Finserv Ltd declined 4.8 per cent in Friday’s trade ahead of the company’s financial results for the June quarter of FY26.
The Indian benchmark indices Sensex and Nifty50 opened lower on Friday amid a mixed set of global cues.
In Q1FY26, Bajaj Finance witnessed a robust annualised growth in assets under management (AUM) of 25 per cent, driven by the addition of 4.7 million new customers.
Bajaj Finance Q1: During the quarter under review, profit came at Rs 4,699.61 crore as against Rs 3,911.98 crore in the corresponding period last year.
Stocks including Infosys, RIL, Dr Reddy's Labs, Tata Consumer Products, IndusInd Bank, BEML, Bajaj Housing, Tilaknagar Industries and more will be in the spotlight on Thursday, July 24.
Jefferies said a few reports mentioned that Saha is amongst the three candidates that IndusInd Bank may have proposed for new CEO, for which bank had to submit recommendations by June 2025.
Stocks including Paytm, State Bank of India, 360 One Wam, Bajaj Finance, Titan Company, PNB Housing, Afcons Infra, Havells and more will be in the spotlight on Tuesday, July 22.
In a swift move, the non-banking financial giant has reappointed Rajeev Jain as Managing Director till March 31, 2028. Jain will also continue to serve as the company’s Vice Chairman.