BAJAJ FINANCE Share Price Down by 5%; BSE 500 Index Down 2.0%
September 24, 2020 12:09 PM

BAJAJ FINANCE share price has plunged 5% and is presently trading at Rs 3,205.

Meanwhile, the BSE 500 Index is at 14,465 (down 2.0%).

Among the top losers in the BSE 500 Index today are BAJAJ FINANCE (down 5.3%) and LAURUS LABS LTD (down 7.5%).

APOLLO HOSPITALS (up 5.6%) and GSK CONSUMER (up 5.1%) are among the top gainers today.

Over the last one year, BAJAJ FINANCE has moved down from Rs 4,028 to Rs 3,205, registering a loss of Rs 823 (down 20.4%)..

The BSE 500 has moved down from 15,045 to 14,465, loss of 580 points (down 3.9%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 975.9%), LAURUS LABS LTD (up 260.2%) and GRANULES INDIA (up 239.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,304 (down 2.0%). The top gainers among the BSE Sensex stocks today are HUL (up 0.4%). The most traded stocks in the BSE Sensex are HUL.

In the meantime, NSE Nifty is at 11,015 (down 2.0%). BHARTI INFRATEL (up 3.0%) and HUL (up 0.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,090 to 37,304, registering a loss of 1,786 points (down 5.58%).

BAJAJ FINANCE Financial Update...

BAJAJ FINANCE net profit down at Rs 10 billion for the quarter ended June 2020, compared to a loss of Rs 16 billion a year ago. Net Sales declined 4.4% to Rs 66.3 billion during the period as against Rs 69.3 billion in April-June 2019.

For the year ended March 2020, BAJAJ FINANCE reported 31.8% increase in net profit to Rs 52.6 billion compared to net profit of Rs 40.0 billion during FY19.

Revenue of the company grew 42.7% to Rs 264 billion during FY20.

The current Price to earnings ratio of BAJAJ FINANCE, based on rolling 12 month earnings, stands at 7.3x.