Bajaj Finance Share Price may remain bullish till Rs 7697 for next 5 days, know what the levels say
Bajaj Finance, one of India’s leading non-banking financial companies (NBFCs), has seen its share price rise despite the overall market volatility. The company’s stock closed at ₹7,307.70 on the National Stock Exchange (NSE) on September 4, 2024, down 0.60% from the previous day’s closing price of ₹7,351.55.
Main Points
- 1 Bajaj Finance’s Strong Performance Amid Market Fluctuations
- 2 Bajaj Finance’s Profitability and Growth Prospects
- 3 Bajaj Finance’s Key Metrics and Ratios
- 4 Bajaj Finance’s Competitive Advantage and Market Position
- 5 Bajaj Finance’s Management and Corporate Governance
- 6 Analysts’ Recommendations and Price Targets
- 7 Bajaj Finance’s Future Outlook and Growth Drivers
Bajaj Finance’s Strong Performance Amid Market Fluctuations
Bajaj Finance has maintained a strong performance in the face of market fluctuations, with a market capitalization of ₹4,52,347 crore as of September 4, 2024. The company’s 52-week high share price stands at ₹8,190.00, while the 52-week low is ₹6,190.00.
Bajaj Finance’s Profitability and Growth Prospects
On a consolidated basis, Bajaj Finance reported a profit of ₹3,401.54 crore on a total income of ₹13,725.74 crore for the quarter ended June 2024. For the year ended June 2024, the company posted a profit of ₹3,911.98 crore on a total income of ₹16,104.83 crore.
Bajaj Finance’s Key Metrics and Ratios
Bajaj Finance’s key metrics and ratios as of September 4, 2024, include:
- Earnings per share (EPS) – TTM: ₹241.14
- Price-to-earnings (P/E) ratio: 30.27
- Price-to-book (P/B) ratio: 5.94
- Dividend yield: 0.49%
Bajaj Finance’s Competitive Advantage and Market Position
Bajaj Finance has a strong competitive advantage in the NBFC sector, with a diverse lending portfolio that includes retail, small and medium-sized enterprises, and commercial customers. The company has a strong presence in both urban and rural India and offers a wide range of products, including consumer durable loans, lifestyle finance, personal loans, and home loans.
Bajaj Finance’s Management and Corporate Governance
Bajaj Finance has a strong management team led by Chairman Sanjiv Bajaj and Managing Director Rajeev Jain. The company also has a well-diversified board of directors, including independent directors such as Naushad Forbes, Anami Roy, and Pramit Jhaveri.
Analysts’ Recommendations and Price Targets
Analysts remain bullish on Bajaj Finance, with several brokerages issuing buy recommendations and price targets. For example, KR Choksey has a buy recommendation on the stock with a target price of ₹7,945, while ICICI Securities has a buy recommendation with a target price of ₹8,500.
Bajaj Finance’s Future Outlook and Growth Drivers
Bajaj Finance’s future outlook remains positive, driven by its strong market position, diversified product portfolio, and focus on digital initiatives. The company’s strong asset quality and low non-performing assets (NPAs) also contribute to its growth prospects.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
