Trending stocks: Bajaj Finance shares rise over 1%

A total of 119,613 shares changed hands on the counter till 10:07AM (IST).

PTI

Total market cap of the Bajaj Finance Ltd. stood at Rs 194246.29 crore at the time of writing this report. 

NEW DELHI: Shares of Bajaj Finance Ltd. traded 1.17 per cent up in Thursday's trade at 10:07AM (IST). Around 119,613 shares changed hands on the counter.

The counter opened at Rs 3232.5 and touched an intraday high and low of Rs 3268.05 and Rs 3196.15, 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 194246.29 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.

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Shareholding pattern
As of 31-Mar-2020, DIIs 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 36.9 and a price-to-book ratio of 5.99. 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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