BAJAJ Finance Share Price
BAJAJ Finance share price today is 5,740.70 USD with a volume of 555,508. At the same time, its chart fluctuates between 5,730 USD – 5,795 USD. BAJAJ Finance share price was a maximum of 6,010 USD and a minimum of 2,199 USD within 52 weeks. Its average volume is 2,600,328 and it is ranked 3.46T in the MarketCap listings. The target point of BAJAJ Finance share price has increased by 129.55% in 1 year.
BAJAJ Finance Limited
Bajaj Finance Limited is a non-banking company that provides services such as loans. Its services include consumer loans, small and medium-sized enterprises (SME) loans, commercial loans, rural loans, fixed deposits and value-added services.
Two-wheeler and three-wheeled vehicle financing is among the many refusal consumer loan products such as e-commerce consumer finance, retail finance, salaried personal loans, consumer durables finance, digital goods finance, e-commerce vendor finance and home loan SME loan products include property loans and business loans.
Commercial loan products include securities lending and financial institutions group lending business. Salary personal loans, cross-selling personal loans and gold loans are also among rural loan products.
The company also offers retail fixed deposit and wholesale fixed deposit services to its customers. In addition, it also focuses on life insurance, general insurance and mutual funds.
Headquartered in Pune, Maharashtra, the company is an Indian company. It has 497 rural locations with 294 consumer branches and more than 33,000 distribution points. The company reported a pre-tax profit of 626 crores and an after-tax profit of Rs.408 crores for the second quarter of 2017, the company said.
BAJAJ Finance Share Price Analysis
BAJAJ Finance share price was badly affected by Covid-19, which had a great impact on the world, and experienced a decline in the market. BAJAJ Finance share price fell after five consecutive days of gains. The stock opened today with a 3% loss at Rs 5,813 and fell 5.21% to an intraday minimum of Rs 5,681.2.
Although the stock is above the 50-day, 100-day and 200-day moving averages, it is trading below the 5-day moving averages. The NBFC share was 139.96% in one year, increasing by 8.42% from the start of 2021 to date.
BAJAJ Finance share price increased to a maximum of Rs 6,009 in 52 weeks on 4 June 2021 and decreased to a minimum of Rs 2,199 in 52 weeks on 12 June 2020.
The company said in a statement that B2B and auto finance businesses were most affected by the Covid-19 restrictions.
Most states have announced that the quarantine will continue until June 7 or 15, but June did not go as expected. Organizations in other industries were able to complete 85% of their payments by April. The company applied to its digital arms for continuity in May and completed 60% of its payments, handling most of it.
What Does BAJAJ Finance Share Do?
Volumes in B2B businesses are currently low. This means a higher impact on AUM will be seen in the first quarter of 2022. The company stated that it has taken some measures regarding operating expenses and fund costs in order to reduce the financial impact caused by this situation. Broker Bernstein has announced that the BAJAJ Finance share price will move forward to the target price of Rs 7,240.
The firm’s plan is to resume normal operations by July. However, the situation that is not included in this plan is the 3rd wave, a 3rd quarantine process. Company net profit rose 42 percent to Rs 1,347 in March compared to Rs 948 a year ago. Net interest income (NII) for the fourth quarter of FY21 declined to 4,659 crore. Fiscal 2020-21 profit fell 16 percent to Rs 4,420, while net interest income (NII) rose 2.1 percent to Rs 17,269 in FY 20.
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