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.
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
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
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.
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.
on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!
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