MONEY9: Whether you go shopping online or offline, you will find many finance options. No cost EMI You get other financing options including. One of the names you see most often is Bajaj Finance. Bajaj Finance is a company where both consumers and investors are happy. You ask how. So the thing is, this company provides you finance to buy. And secondly, Bajaj Finance has given a decent return to investors. Estimate the return in such a way that if you had invested Rs 1 lakh in Bajaj Finance 20 years ago, it would have gone up to Rs 10 crore today.
History of Bajaj Finance
So today let’s talk about the entire business of Bajaj Finance and the return on its shares. To understand the business of a company, let’s take a look at its history. 25 The company was founded as Bajaj Auto Finance in March 1987, then Bajaj Finserv started in April 2007 after the Bajaj Group demerged Bajaj Auto to focus on the financial services business.
Now let’s come to 1994. The company has an issue price of Rs 90 IPO launched. To Bajaj Finance in 1998 Got NBFC status. In 2014, the company entered the housing finance business. Bajaj Finance in 2016 for retail fashion, travel and small appliances Launched EMI based finance facility. Today, Bajaj Finance is the largest and diversified NBFC in the country.
31 March 2022 Until 1.97 Lakh crore AUM and The company has a presence at 3504 locations. The company also has more than 1.33 lakh distribution points.
Financial year A record 90 lakh new customers joined in 2022, a total of 3.27 crore cross-cell customers, now the company has a total of 5.75 crore customers. The company added 22.1 lakh new customers in the fourth quarter of 2021-22. The company mainly finances individuals and SMEs. The company is also present in the business of housing finance and stock broking.
The performance of the company’s stock
So in the last few years, the company has made its investors wealthy. However, the company’s stock is currently well below its 52-week high and this raises the question of whether this is the right time to invest in the company..
Triggers attached to the stock
So the first thing is that the company has no plans to build a bank for 2-3 years. So the company still wants to be NBFC. The company is focused on the payments and financial services business and has a target of 100 million customers in 5 years. The company is gearing up for the Bajaj Mall brand launch with EMI store on July 1. At the same time, the company is investing heavily in teams and technology for business transformation.
At the same time, despite the increasing competition, the focus is on growth and this is the reason why the company’s profit in the fourth quarter is 80%. Increased ₹ 2420 Crore has reached a record. The biggest thing is that in most segments, the company’s business has improved at the pre-covid level or better. The company’s liquidity buffer is at the pre-covid level i.e. ₹ 10,110 Crore.
Now Let’s compare Bajaj Finance with other companies in the NBFC segment. In this comparison, the company ranks ahead of the others. Also find out what the brokers think of the company. You can see what the brokers have to say.
Money 9’s advice
Shares of banks and NBFCs have fallen sharply due to political uncertainty and rising inflation. According to the financial advisor, from a long-term point of view, make a strategy to buy stocks gradually.
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