BAJAJ FINSERV Share Price Up by 10%; BSE 500 Index Up 3.9%

Mon, 1 Feb 02:47 PM

BAJAJ FINSERV share price has zoomed 10% and is presently trading at Rs 9,637.

Meanwhile, the BSE 500 Index is at 18,690 (up 3.9%).

Among the top Gainers in the BSE 500 Index today are BAJAJ FINSERV (up 10.0%) and SHRIRAM CITY UNION (up 12.6%).

ALEMBIC PHARMA (down 0.1%) and J.B.CHEMICALS (down 0.1%) are among the top losers today.

Over the last one year, BAJAJ FINSERV has moved up from Rs 9,635 to Rs 9,637, registering a gain of Rs 2 (up 0.4%).

On the other hand, the BSE 500 has moved up from 15,807 to 18,690, registering a gain of 2,883 points (up 18.1%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 445.9%), LAURUS LABS (up 311.0%) and DIXON TECHNOLOGIES (up 240.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 48,504 (up 4.7%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 12.5%), ICICI BANK (up 11.1%) and BAJAJ FINSERV (up 10.0%). Other gainers include SBI (up 9.3%) and L&T (up 8.4%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 14,290 (up 4.8%). The top gainers in the NSE Nifty include INDUSIND BANK (up 13.4%), ICICI BANK (up 12.2%) and BAJAJ FINSERV (up 10.5%). Other gainers include SBI (up 9.9%) and HDFC (up 8.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,967 to 48,504, registering a gain of 7,537 points (up 18.26%).

BAJAJ FINSERV Financial Update...

BAJAJ FINSERV net profit down at Rs 16 billion for the quarter ended September 2020, compared to a loss of Rs 20 billion a year ago. Net Sales rose 85.4% to Rs 150.5 billion during the period as against Rs 81.2 billion in July-September 2019.

For the year ended March 2018, BAJAJ FINSERV reported 25.8% increase in net profit to Rs 43.4 billion compared to net profit of Rs 34.5 billion during FY17.

Revenue of the company grew 34.4% to Rs 136 billion during FY18.

The current Price to earnings ratio of BAJAJ FINSERV, based on rolling 12 month earnings, stands at 25.2x.

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