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Despite Anup Kumar Saha's resignation as Managing Director, Bajaj Finance shares saw a 1.5% jump, reaching Rs 961.75.

The stock’s gain action comes after the company’s decision to reinstate veteran leader Rajeev Jain as Vice Chairman and MD, a ...

Bajaj Finance shares were up 0.82% on the Bombay Stock Exchange around 9:17 am, while IndusInd Bank rose nearly 2.4%.

Global brokerage Jefferies retained its ‘Buy’ rating on Bajaj Finance with a target price of Rs 1,044. While the sudden resignation is seen as a minor negative, the firm expects a smooth transition.