Trending stocks: Bajaj Finance shares flat in early session

NEW DELHI: Shares of Bajaj Finance Ltd. traded 0.06 per cent down in Thursday's trade at 10:01AM (IST). Around 51,250 shares changed hands on the counter.

The scrip opened at Rs 2414.0 and touched an intraday high and low of Rs 2442.0 and Rs 2402.05, 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 146047.99 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, DIIs held 8.08 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 price-to-earnings multiple of 27.75 and a price-to-book ratio of 7.17. 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.