Trending stocks: Bajaj Finance stock price rises 1%

NEW DELHI: Shares of Bajaj Finance traded 1.03 per cent up in Monday 's trade at 09:47AM (IST). Around 39829 shares changed hands on the counter.

The counter opened at Rs 2079.9 and touched an intraday high and low of Rs 2092.3 and Rs 2045.85 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 4923.2 and a 52-week low of Rs 1916.0 .

Market cap of the company stood at Rs 124480.44 crore on May 11


Key Financials
The company reported consolidated net sales of Rs 7011.05 crore for the quarter ended 31-Dec-2019 , up 10.91 per cent from previous quarter's Rs 6321.45 crore and up 40.63 per cent from the year-ago quarter's Rs 4985.39 crore.

Bottomline for the latest quarter stood at Rs 1614.11 crore, up 52.34 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Mar-2020 , domestic institutional investors held 8.58 per cent stake in the firm , 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 22.67 and a price-to-book ratio of 6.11 . 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.