Bajaj Finserv share price today: Bajaj Finserv shares down 3.71% as Nifty drops
Bajaj Finserv share price today (03-10-2024): Bajaj Finserv stock opened at Rs 1961 and touched an intraday high and low of Rs 1970.75 and Rs 1927.25, respectively, in the session so far. Bajaj Finserv quoted a 52-week high of Rs 2029.90 and a 5...
By ETMarkets.com | Updated:
BCCL
NEW DELHI: Bajaj Finserv shares today (03-10-2024) traded at Rs 1902, down 3.71 per cent in Thursday's trade at 14:11 PM (IST).
The Bajaj Finserv stock opened at Rs 1961 and touched an intraday high and low of Rs 1970.05 and Rs 1897.10, respectively, in the session so far. The Bajaj Finserv share price quoted a 52-week high of Rs 2029.9 and a 52-week low of Rs 1419.05. A total of 1,091,744 shares of Bajaj Finserv stock changed hands on the counter till 02:11 PM (IST).
Total market cap of the Bajaj Finserv stood at Rs 303677.15 crore at the time of writing this report.
Key Financials
Bajaj Finserv reported consolidated net sales of Rs 31480.14 crore for the quarter ended 30-Jun-2024, down 1.75 per cent from previous quarter's Rs 32041.93 crore and down 35.22 per cent from the year-ago quarter's Rs 23279.98 crore.
The net profit for latest quarter for Bajaj Finserv stood at Rs 2137.7 crore, up 10.04 per cent from the corresponding quarter last year.
Shareholding pattern
As of 30-Jun-2024, DIIs held 4.52 per cent stake in Bajaj Finserv, while FIIs held 8.14 per cent and the promoters 60.64 per cent in Bajaj Finserv.
Valuation ratio
According to BSE data, the Bajaj Finserv stock traded at a P/E multiple of 37.02 and a price-to-book ratio of 4.34. 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.
Share Price Forecast
According to 12 analysts, Bajaj Finserv has a median 12-month price target of Rs 1,845. The estimates range from a high of Rs 2,150 to a low of Rs 1,310 for Bajaj Finserv shares.
12 analysts have projected an average revenue target of Rs 1,03,123.02 crore for Bajaj Finserv in FY24. Bajaj Finserv exceeded expectations, reporting annual revenue of Rs 1,10,381.91 crore, surpassing analyst estimates by 7.04%.
12 analysts have provided an average EPS target of Rs 49.83 for Bajaj Finserv shares in FY24. Bajaj Finserv outperformed this estimate, reporting an annual EPS of Rs 50.7, exceeding expectations by 1.74%.
Buy-Sell Signals
Bajaj Finserv shares' average price gain has been of 3.62% within 10 days of Bullish signal in last 10 years while Bajaj Finserv stock's average price gain has been of 3.02% within 7 days of Bullish signal in last 5 years.
Technicals
On the technical charts, the relative strength index (RSI) of the Bajaj Finserv stock stood at 60.56. The RSI oscillates between zero and 100. The MACD signalled a bearish bias on the counter for Bajaj Finserv shares.
About Bajaj Finserv
Bajaj Finserv, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 315,380.68 Crore) operating in NBFC sector.
Bajaj Finserv key Products/Revenue Segments include Dividend, Interest, Power Generation, Income From Sale Of Share & Securities, Rental Income and Renewable Energy Certificates for the year ending 31-Mar-2024.
The Bajaj Finserv stock opened at Rs 1961 and touched an intraday high and low of Rs 1970.05 and Rs 1897.10, respectively, in the session so far. The Bajaj Finserv share price quoted a 52-week high of Rs 2029.9 and a 52-week low of Rs 1419.05. A total of 1,091,744 shares of Bajaj Finserv stock changed hands on the counter till 02:11 PM (IST).
Total market cap of the Bajaj Finserv stood at Rs 303677.15 crore at the time of writing this report.
Key Financials
Bajaj Finserv reported consolidated net sales of Rs 31480.14 crore for the quarter ended 30-Jun-2024, down 1.75 per cent from previous quarter's Rs 32041.93 crore and down 35.22 per cent from the year-ago quarter's Rs 23279.98 crore.
The net profit for latest quarter for Bajaj Finserv stood at Rs 2137.7 crore, up 10.04 per cent from the corresponding quarter last year.
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Read more: Bajaj Finserv Shareholding pattern
As of 30-Jun-2024, DIIs held 4.52 per cent stake in Bajaj Finserv, while FIIs held 8.14 per cent and the promoters 60.64 per cent in Bajaj Finserv.
Valuation ratio
According to BSE data, the Bajaj Finserv stock traded at a P/E multiple of 37.02 and a price-to-book ratio of 4.34. 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.
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Share Price Forecast
According to 12 analysts, Bajaj Finserv has a median 12-month price target of Rs 1,845. The estimates range from a high of Rs 2,150 to a low of Rs 1,310 for Bajaj Finserv shares.
12 analysts have projected an average revenue target of Rs 1,03,123.02 crore for Bajaj Finserv in FY24. Bajaj Finserv exceeded expectations, reporting annual revenue of Rs 1,10,381.91 crore, surpassing analyst estimates by 7.04%.
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12 analysts have provided an average EPS target of Rs 49.83 for Bajaj Finserv shares in FY24. Bajaj Finserv outperformed this estimate, reporting an annual EPS of Rs 50.7, exceeding expectations by 1.74%.
Buy-Sell Signals
Bajaj Finserv shares' average price gain has been of 3.62% within 10 days of Bullish signal in last 10 years while Bajaj Finserv stock's average price gain has been of 3.02% within 7 days of Bullish signal in last 5 years.
Technicals
On the technical charts, the relative strength index (RSI) of the Bajaj Finserv stock stood at 60.56. The RSI oscillates between zero and 100. The MACD signalled a bearish bias on the counter for Bajaj Finserv shares.
About Bajaj Finserv
Bajaj Finserv, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 315,380.68 Crore) operating in NBFC sector.
Bajaj Finserv key Products/Revenue Segments include Dividend, Interest, Power Generation, Income From Sale Of Share & Securities, Rental Income and Renewable Energy Certificates for the year ending 31-Mar-2024.
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