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bajaj finance multibagger stock

Bajaj Finance Turn 1 Lakhs into how many Crores ?

Posted on January 28, 2023

Bajaj Finance is NBFC company which was founded by Rahul Bajaj in 1987. Bajaj Finserv is parent company of bajaj finance was started in pune. Bajaj Finance is mainly engaged in the business of lending.

BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to its customers

Bajaj Finance (BFL) started its journey in the year 1987 as a vehicle financing company and now is one of the largest and most diversified NBFCs in India. During FY22, AUM increased by 29% to Rs. 197,452 crores.

Bajaj Finance has a total of 3,504 branches spread across India out of which 2,136 branches are based in Rural Areas and the rest from Urban areas. The company has an overall distribution network of 133,200+ active networks spread across India.

Bajaj Finance Give Mutlibagger Returns To Investors ?

Bajaj Finance Launched its IPO in 1994 – 1995 with company name Bajaj Auto Finance. Its ipo price is 660. Today stock turn one lakh of investment into 38 Crores. Those who invest into ipo and hold today they have 38 crores in hand.

We consider its price at 2 rupees in 1998 and high price is 7,700. At 2 rupees share price, we consider 50,000 quantity at 21 oct 2021 stock hit all time high at 7,700 total worth become 38 crores. This 2 rupees stock price is adjusted by stock split and bonus shares.

See also  KPIT Tech Q3 Results Date, Will KPIT announce Dividend ?

Currently stock trading at 5,500 rupees with market cap of 3,50,334 crores. Investor need to show patience toward investments. In long term Warren Buffett says, because in the short run the stock market acts like a “voting machine” (reflecting all kinds of irrational attitudes and expectations), while functioning in the long run more like a “weighing machine” (reflecting a firm’s true value).

bajaj finance multibagger stock
bajaj finance turn one lakh into 38 crores

Also Read :- One Lakhs Become Seven Crores in this Company

BFL Q3 Results Update

Total revenue from operations increased 26.3% on year to Rs 10,784.30 crore. This is the highest-ever quarterly profit reported by the non-bank finance major.

The company’s net interest income (NII) increased 24% on year to Rs 7,435 crore and also beat the estimated Rs 5,800 crore. New loans booked during the quarter were the highest ever at 7.84 million, the company said. The total assets under management (AUM) as of December 31 stood at Rs 2.31 lakh crore, 27% higher than the year-ago.


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