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Bajaj Finance Share Price may remain bullish till Rs 7697 for next 5 days, know what the levels say

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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.

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.

Sandeep Kumar

Sandeep Kumar is an experienced Hindi and English news writer with nearly 5 years of experience in the media industry. He started his career with a digital news website chopal TV, where he worked in many sections including auto, tech and business. He loves writing and reading news related to technology, automobile and business. He has covered all these sections extensively and presented excellent reports for the readers. Sandeep Kumar has been trying to provide correct and accurate information to the readers on Local Haryana for the last 1.5 months.

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