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Trending stocks: Bajaj Finance shares gain over 1%

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NEW DELHI: Shares of Bajaj Finance Ltd. traded 1.29 per cent up in Wednesday’s trade at 10:28AM (IST). Around 117,133 shares changed hands on the counter.

The stock opened at Rs 3661 and touched an intraday high and low of Rs 3707 and Rs 3655.35, respectively, in the session so far. The stock of Bajaj Finance Ltd. quoted a 52-week high of Rs 4923.2 and a 52-week low of Rs 1783.1.

Total market cap of the Bajaj Finance Ltd. stood at Rs 221301.58 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 6634.93 crore for the quarter ended 30-Jun-2020, down 7.73 per cent from previous quarter’s Rs 7190.93 crore and down 14.37 per cent from the year-ago quarter’s Rs 5801.25 crore.

The net profit for latest quarter stood at Rs 962.32 crore, down 19.49 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2020, DIIs held 7.26 per cent stake in the firm, while foreign institutional investors held 21.24 per cent and the promoters 56.2 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 43.99 and a price-to-book ratio of 6.89. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Bajaj Finance Ltd. belongs to the NBFC – Consumer industry.

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