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Bajaj Finance shares surged nearly 4% in intraday trade, reaching an intra-day high of Rs 995.80, driven by strong asset growth reported for the July-September quarter. The move halted a four-session losing streak. Additionally, JPMorgan raised its target price for the stock.
Shares of India's Bajaj Finance rose 4.6% after the non-bank lender reported its assets under management grew by 26.5% year-on-year to around 5.85 trillion rupees as of September 30.