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Bajaj Auto Finance Q3 net jumps over two-fold

Bajaj Auto Finance today said its net profit jumped over two-fold to Rs 27.32 crore for the quarter ended December 31, 2009, over the same period last year. Total income rose to Rs 249.31 crore for the third quarter ended December, against Rs 157.45 crore in the same period previous fiscal, Bajaj Auto Finance said in a filing to the Bombay Stock Exchange. For the nine month ended December 31, the company has posted a net profit of Rs 64.22 crore, a jump of over three-fold from Rs 18.88 crore in the same period previous year.

Todays Pick from News Papers

The Hindu Business Line Today's Pick: Bajaj Auto Finance (Rs 370.05) We recommend a buy in Bajaj Auto Finance. The chart reveals that the stock had been on a long-term downtrend, from the May peak of Rs 518 to November trough of Rs 306. However, it appears to have found support at around Rs 306 in mid November. ... More The Economic Times Northgate Technologies : Citigroup Rating: Buy CMP: Rs 580 Centurion Bank of Punjab Research: Credit Suisse Rating: Underperform CMP: Rs 55 Indian Oil Research: ABN Amro Bank Rating: Buy CMP: Rs 628 ICICI Bank Research: CLSA Rating: Buy CMP: Rs 1,157 DLF Research: Merrill Lynch Rating: Buy CMP: Rs 961 Business Standard Savita Chemicals