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NEW DELHI: Shares of Bajaj Finance Ltd. traded 1.84 per cent up in Wednesday’s trade at 09:59AM (IST). Around 65,125 shares changed hands on the counter.
The stock opened at Rs 2830.0 and touched an intraday high and low of Rs 2881.65 and Rs 2806.3, 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 171713.03 crore at the time of writing this report.
The company reported consolidated net 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 corresponding quarter last year.
As of 31-Mar-2020, domestic institutional investors 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.
According to BSE data, the stock traded at a price-to-earnings multiple of 32.62 and a price-to-book ratio of 5.3. A higher P/E ratio shows investors are willing to pay a higher price because of better future …
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