Bajaj Finance share price hits 52-week high after stellar Q3 results; should you buy, hold or sell?



Bajaj Finance share price touches 52-week high on Wednesday


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Bajaj Finance share price touches 52-week high on Wednesday

Share price of Bajaj Finance surged over 3.5% on Wednesday after the company reported stellar Q3 results beating street estimates. The company on Tuesday reported an 85.5% rise in consolidated net profit at Rs 2,125 crore for the third quarter from Rs 1,146 crore in the year-ago period. Company’s Net Interest Income (NII) rose 40% at Rs 6,000 crore as compared to Rs 4,296 crore year-on-year (YoY). Bajaj Finance stock surged 3.6% to touch a 52-week high of Rs 8,043 per share on the BSE. The financial service major delivered an all-round healthy performance in all its key business parameters, said Motilal Oswal. The brokerage believes that its customer acquisitions and new loans booked have reached pre-covid levels and will soon breach historical highs in subsequent quarters.

Should you buy, hold or sell?

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Micron stock, semiconductor Stocks Retreat Amid Memory Chip Price Forecast

Shares in Micron Technology (MU), semiconductor equipment makers and chip companies took a hit on Tuesday after a market research firm forecast weakening prices for memory devices in the fourth quarter. Micron stock tumbled as the Nasdaq Composite also fell.




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Contract prices of memory chips built into personal computers will decline by as much as 5% quarter over quarter in the three months ending Dec. 31, forecast market researcher TrendForce.

That prompted Micron stock to fall 5.4% to close at 75.91 on the stock market today. Applied Materials (AMAT) dipped 2.8% to 138.06. Lam Research (LRCX) fell 3.6% to 617.17.

TrendForce said the industry is feeling the effects of PC makers, also known as original equipment manufacturers or OEMs, who have an overabundance of dynamic random access memory chips, or DRAM.

“Regarding the contract market, PC OEMs currently carry relatively high levels

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