Bajaj Finance and Bandhan Bank Q1FY21 report out; Tata Consumer AGM meet | Top stocks today
3Bajaj Finance and Bandhan Bank have seen a good uptick in their stock performance post-Q1FY21 business update. Bajaj Finance’s positive move was on the back of the AUM under moratorium which reduced from 27% as of April 30 to 15.5% as of June 30 for the company. While Bandhan bank reported healthy loan and deposit growth in the April-June quarter on a yearly basis despite nationwide Covid-19-induced lockdown. Shriram Transport Finance’s board approved a rights issue of Rs 1,500 crore at an issue price of Rs 570 per share. The right issue price is at a significant discount compared to the current price. Tata consumer Products Ltd. holds its first AGM after merger where the company spoke about the short term challenges due to Covid 19 but the company will focus on distribution, enter new categories and emerge as a full-fledge FMCG company. Watch!
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