BAJAJ FINSERV Plunges by 5%; BSE 500 Index Down 4.6%
March 16, 2020 12:48 PM

BAJAJ FINSERV share price has plunged 5% and is presently trading at Rs 7,589.

Meanwhile, the BSE 500 Index is at 12,631 (down 4.6%).

Among the top losers in the BSE 500 Index today are BAJAJ FINSERV (down 5.2%) and ATUL (down 8.5%).

YES BANK (up 40.9%) and GLENMARK PHARMA (up 11.1%) are among the top gainers today.

Over the last one year, BAJAJ FINSERV has moved up from Rs 6,898 to Rs 7,589, registering a gain of Rs 691 (up 10.0%)..

The BSE 500 has moved down from 14,974 to 12,631, loss of 2,343 points (down 15.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 197.6%), ABBOTT INDIA (up 95.0%) and NAVIN FLUORINE (up 90.1%).

What About the Benchmark Indices?

The BSE Sensex is at 33,103 (down 5.2%). The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 0.9%). The most traded stocks in the BSE Sensex are BAJAJ AUTO.

In the meantime, NSE Nifty is at 9,602 (down 5.1%). YES BANK (up 41.1%) and BAJAJ AUTO (up 1.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,752 to 33,103, registering a loss of 4,649 points (down 14.41%).

BAJAJ FINSERV Financial Update...

BAJAJ FINSERV net profit stood at Rs 20 billion for the quarter ended December 2019, compared to a profit of Rs 14 billion a year ago. Net Sales rose 30.7% to Rs 145.6 billion during the period as against Rs 111.4 billion in October-December 2018.

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 17.0x.