As per market speculations, these players entered the race for getting bank licences after Finance Minister Pranab Mukherjee mentioned in Union Budget 2010-11 that fresh ones would be issued to private players and non-banking financial companies.
Shares of Bajaj group firm Bajaj Auto Finance zoomed 81.2 per cent to settle at Rs 569.40 at the end of Friday’s trade on BSE.
During the trade, the stock had touched its year-high level at Rs 579, as per analysis of NBFC stocks on the Bombay Stock Exchange during the March-July period.
Published 11 August 2010, 15:42 IST