India's

BAJFINANCE

gains on positive Q4 business update

Non-bank lender

rises 2.3% to 8795 rupees; among top gainers on financial services sub-index CNXFINANCE, which is up 0.5% ** Co's business update for Q4 shows 26% y/y growth in assets under management; new loans up 36% y/y ** Jefferies reiterates "buy"; says strong AUM growth will aid healthy revenue growth in March-quarter earnings ** Adds improving asset quality, robust new loan booking will help earnings, stock trajectory ** YTD, BJFN gains 26%, outperforming NIFTYFIN's 5.7% rise