Trending stocks: Bajaj Finance shares gain nearly 1% – The Economic Times

NEW DELHI: Shares of Bajaj Finance Ltd. traded 0.72 per cent up in Monday’s trade at 09:57AM (IST). Around 75,680 shares changed hands on the counter.

The counter opened at Rs 3364.0 and touched an intraday high and low of Rs 3380.0 and Rs 3325.0, respectively, in the session so far. Shares of the company 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 201084.49 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 7190.93 crore for the quarter ended 31-Mar-2020, up 2.57 per cent from previous quarter’s Rs 7011.05 crore and up 35.48 per cent from the year-ago quarter’s Rs 5307.66 crore.

The net profit for latest quarter stood at Rs 948.1 crore, down 19.38 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Mar-2020, domestic institutional investors held 8.08 per cent stake in the company, while foreign institutional investors held 21.16 per cent and the promoters 56.2 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 38.2 and a price-to-book ratio of 6.2. 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.

This article was originally published on Economic Times

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