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How To Buy Bajaj Finance Stock From India

Want to buy Bajaj Finance stock but don’t know where to start? Read this blog to find out more about the stock and top ways to invest in Bajaj Finance stock from India.
September 29, 2021

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Bajaj Finance Ltd (ticker: BAJFINANCE) is the 8th largest organization in India by market cap. It’s a highly diversified NBFC that operates in consumer and SME finance, commercial lending, and investments. 

Bajaj Finance was established in 1987 by its parent company, Bajaj Holdings & Investments. Back then, it went by the name “Bajaj Auto Finance” which gives you context on how they started out. 

The NBFC changed its name in 2010 to better reflect its multi-domain operational strength. But a lot happened with Bajaj Finance between 1987 and 2010. To start with, it became a publicly-traded company.   

When Did Bajaj Finance Go Public?

Bajaj Auto Finance Limited (as it was known back then) went public between 1994-95 through an IPO. The company also registered itself as an NBFC with the RBI in 1998.

Bajaj Finance stock price has grown by more than 99% since 2002. Let’s dig deeper into the financials of Bajaj Finance stock to know more about its share price, market cap, and more.    

The Financials Of Bajaj Finance Stock

1. Stock Name: Bajaj Finance Ltd. (BAJFINANCE)

2. Share Price: ₹7,536.00*

3. Market Cap: ₹455,309 crores ($61.49 billion)

4. Dividend Yield: 0.13

5. Beta: 1.41

6. 52 Week Low: ₹3,006.90

7. 52 Week High: ₹7,999.00

Fun fact: Bajaj Finance Ltd. has a bigger market cap than SBI, Bharti Airtel, Wipro, ITC, and others.

Bajaj Finance Stock Price From 2002 To 2021

Investment Facts


Fun fact: Bajaj Finance Ltd. has a bigger market cap than Twitter, Ford, FedEx, MetLife, and other US companies. 

How Are Bajaj Finance Stock Prices?

Bajaj Finance stock price has gone from ₹5.75 in 2002 to ₹7,536 in 2021. For context, 100 Bajaj Finance shares worth ₹575 back then would’ve grown to ₹7,53,600 in 2021. 

99% growth in Bajaj Finance stock price in less than 2 decades has other reasons. To start with, the NBFC has diversified beyond auto finance into domains like:

  • Lifestyle finance
  • Durable finance
  • EMI card
  • Home loan
  • Gold loan
  • Vendor financing
  • Warehouse financing
  • Mutual funds

Furthermore, Bajaj Finance has been known to generate constant growth in its earnings through a strong business model and a range of subsidiaries that rope in revenue like: 

  • Bajaj Financial Services Ltd
  • Bajaj Housing Finance Ltd

That said, Bajaj Finance operates in a domain that’s prone to volatility and uncertainty. Events like the pandemic have been known to put a dent in Bajaj Finance stock price and performance. 

Is Bajaj Finance Stock A Good Buy?

Let’s evaluate the facts first. Bajaj Finance stock has these pros on its side:

  • Blue-Chip: Bajaj Finance is the 8th largest company in India
  • Dividends: Bajaj Finance is known to pay dividends regularly
  • Subsidiaries: Bajaj Finance has top-notch subsidiaries like Bajaj Housing Finance Limited

Moreover, Bajaj Finance stock price has outperformed its competitors over the long run.

Stock

5-Year Returns

Market Cap (in ₹ crores)

Bajaj Finance

613.70%

455,309

Muthoot Finance

320.01%

58,713

Mahindra Finance

-18.95%

22,208

Shriram City Union Finance

0.66%

14,061

All these factors may not be enough to help you understand whether Bajaj Finance stock is right for you. Other factors like your risk profile, investment goals, and age will play a role as well.

That’s why it is important to consult a trained professional like a Cube Wealth Coach who can help you figure out if you should invest in Bajaj Finance stock to reach your financial goals. 

Top Ways To Buy Bajaj Finance Stock From India

There are two ways in which you can add Bajaj Finance stock to your portfolio. One is indirect through mutual funds while the other is directly through a brokerage account.  

1. Mutual Funds 

Bajaj Finance is a blue-chip company that is known to offer consistency and growth. That’s why top mutual funds like the ones on Cube hold Bajaj Finance stock in their portfolio.

Mutual Fund

1-Year Returns

3-Year Returns

5-Year Returns

Motilal Oswal Midcap 30 Fund

59.38%

12.00%

11.05%

Axis Focused 25 Fund

48.23%

13.90%

17.80%

SBI Arbitrage Opportunities Fund

3.63%

4.79%

5.23%

Mutual funds on the Cube Wealth app are handpicked and curated by Wealth First, Cube’s mutual fund advisor, who has a track record of beating Nifty by 50% over the past decade.

2. On Your Own

Indian investors have the option of buying stocks of companies like Bajaj Finance through a brokerage account on their own. However, there’s a ton of research involved and financial statements to be read.  

Other Popular Indian Stock Stories:

1. How To Invest In Asian Paints Stocks From India

2. How To Buy Infosys Stock From India

3. How To Buy HDFC Stock From India?

4. How To Invest In Tata Stocks From India

5. How To Invest In Abbott Stocks From India

Note:

Facts & figures are true as of 28-09-2021. All information mentioned is for educational purposes and relies on publicly available information. None of the information shared here is to be construed as investment advice. We strongly recommend you consult a Cube Wealth coach before investing your money in any stock, mutual fund. PMS or alternative asset.

Shriram Shekhar
Shriram is a Content Marketer at Cube Wealth, the Financial Freedom App with a smart Perfect Portfolio Planner. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. Shriram’s love for philosophy, product development, and empowering people through quality content is what got him to Cube Wealth.

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