Bajaj Finance shares rally over 7% after RBI lifts restriction

Bajaj Finance shares inched over 7.50 per cent higher after the Reserve Bank of India (RBI) lifted its restrictions on sanctioning and disbursal of loans through eCOM and Insta EMI Card. The restriction was imposed in November last year. The Bajaj group company stock emerged as the biggest gainer among the frontline indices. On the BSE, the stock rallied 7.54 per cent to Rs 7,400 while it climbed 7.51 per cent to Rs 7,400 on the NSE. The company’s market valuation climbed Rs 23,008.1 crore to Rs 4,49,205.63 crore. “RBI lifting restrictions on some of Bajaj Finance’s products is highly positive for the stock,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.