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The stock markets in Asia were impacted early on Thursday by the volatile session on Wall Street the previous...

44 companies, including Nifty50 components like Bajaj Finance, Nestle, and Tech Mahindra, will reveal their earnings. Bajaj Finance may see a 22% rise in net profit, while Nestle expects a 17% profit jump, and Tech Mahindra anticipates a challenging quarter ahead.

Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.

Bajaj Finance projects strong Q4 results with expected profit and NII growth. Despite RBI restrictions affecting loans, AUM reached Rs 3.3 lakh crore. Key aspects include NIM, cost of funds, and expense control efforts to manage credit costs.

Bajaj Finance: Nomura India said Q3 profit may come in at Rs 3,760 crore and NII at Rs 7,560 crore. It sees NI at 10.5 per cent. Credit cost is seen at 1.5 per cent, return on asset 4.8 per cent and return on equity at 24 per cent

Bajaj Finance Q2 preview: Bajaj Finance is seen reporting a 31% year-on-year (YoY) rise in consolidated net profit for the September quarter to Rs 3,632 crore, according to the average of estimates given by seven brokerage houses. Net interest income, the difference between interest earned and interest expended, may grow a modest 5% YoY to Rs 7,340 crore.

The companys new loans booked during Q1 grew by 34% to 9.94 million as compared to 7.42 million in the corresponding quarter of the previous year.

Axis Securities is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2050 in its research report dated July 18, 2023.

Bajaj Finances Core AUM grew by 29% to approximately ₹ 247,350 crore as of 31 March 2023 as compared to ₹ 192,087 crore (AUM excluding short-term IPO financing receivable of ₹ 5,365 crore) as of 31 March 2022. AUM in Q4 FY23 grew by approximately ₹ 16,500 crore.

Brokerage selected five midcap stocks and four smallcap stocks as its top picks. Some of these are Dalmia Bharat, Federal Bank, PNC Infratech, Praj Industries, and Ashok Leyland among others.