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Bajaj Finserv Ltd (BAJAJFINSV)

₹1579.252.45%

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Bajaj Finserv's Q1 net profit up 10% to Rs 2,138 crore, stock falls over 2%

Overview
News
Financials
Q1 2024 Results
Technicals
F&O

Analyst Rating

based on 12 analysts

BUY

72.73%

Buy

9.09%

Hold

18.18%

Sell

Based on 12 analysts offering long term price targets for Bajaj Finserv Ltd. An average target of ₹1777.08

Source: S&P Global Market Intelligence

Bajaj Finserv Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,562
    ₹1,611.9
  • 52 Week's Low

    52 Week's High

    ₹1,419.05
    ₹1,741
1 Month Return+ 1.97 %
3 Month Return-0.71 %
1 Year Return-2.33 %
Previous Close₹1,618.85
Open₹1,600.60
Volume36.75L
Upper Circuit-
Lower Circuit-
Market Cap₹2,58,475.64Cr

Key Statistics

P/E Ratio31.62
PEG Ratio2.91
Market Cap₹2,58,475.64 Cr
P/B Ratio39.88
EPS37.6624142865572

Mutual Fund Holdings

Funds HoldingsPrev. 6M
ICICI Prudential Value Discovery Fund Direct Plan GrowthICICI Prudential Value Discovery Fund Direct Plan Growth1.62%
ICICI Prudential Multi-Asset Fund Direct Plan GrowthICICI Prudential Multi-Asset Fund Direct Plan Growth1.66%
Axis ELSS Tax Saver Fund Direct Plan Growth OptionAxis ELSS Tax Saver Fund Direct Plan Growth Option1.91%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth1.16%
Axis Focused Fund Direct Plan Growth OptionAxis Focused Fund Direct Plan Growth Option3.92%

Company Information

Bajaj Finserv Ltd is a financial services company incorporated in India in 2007. It is part of the Bajaj Group, one of India's leading conglomerates.

Bajaj Finserv offers a wide range of financial services including loans, insurance, investments, and wealth management. Its loan services include personal, home, commercial, and loan against property. It also offers a range of insurance products such as life, health, travel, car, and home insurance. Its investment products include mutual funds, fixed deposits, and bonds.

Share Price: ₹1579.25 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹2,58,475.64Cr as of today
Revenue: ₹32,045.26Cr as on March 2024 (Q1 24)
Net Profit: ₹4,084.93Cr as on March 2024 (Q1 24)
Listing date: 26 May, 2008
Chairperson Name: Sanjiv Bajaj
OrganisationBajaj Finserv Ltd
HeadquartersPune
IndustryFinance
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - Invalid Date

    01:03 PM

    -

    Bajaj Finserv Q1 net profit up 10% YoY to Rs 2,138 crore; total income jumps 35% YoY to Rs 31,480 crore.

Key events for Bajaj Finserv Ltd

  • Bajaj Finserv Posts Strong Q1 Results - 24 Jul, 2024

    Bajaj Finserv reports a 10% increase in consolidated net profit for Q1 FY25, with total income rising by 35%. The company's NII grew 25% YoY. Despite this, the stock fell over 2% on Wednesday.

  • Bajaj Finserv's Large-Cap Investments Show Resilience - 22 Jul, 2024

    A recent study by Bajaj Finserv Asset Management highlights the reliability of large-cap investments across various market conditions. SMC Global has recommended buying Bajaj Finserv Ltd with a target price of Rs 1,750-1,760.

  • Bajaj Finserv Breaks Out of Tight Trading Range - 21 Jul, 2024

    Bajaj Finserv has broken out of a tight trading range with significant volume, revealing an Inverse Head and Shoulders pattern. Initiating long positions within the Rs 1,620-1,645 range could lead to a target price of Rs 1,800, offering significant upside potential.

  • Bajaj Finserv AMC CIO Uses Behavioural Finance for Investment Decisions - 20 Jul, 2024

    Nimesh Chandan, the CIO of Bajaj Finserv AMC, has successfully managed funds worth Rs 12,000 crore using a philosophy based on Information Edge, Quantitative Edge, and Behavioural Edge.

  • Bajaj Finserv Customers Can Reduce TDS on FD Interest; CIO Thinks Contrarian Due to High Valuations - 19 Jul, 2024

    Bajaj Finserv customers holding fixed deposits can avoid TDS on interest earned by submitting Form 15G. Meanwhile, Bajaj Finserv AMC's CIO is thinking contrarian due to high valuations in some areas of the market and sees better opportunities in select sectors.

  • Bajaj Finserv Among Top Performers on Sensex - 18 Jul, 2024

    Bajaj Finserv was among the top performers on Sensex with its stock gaining after TCS. The company's CEO, Sanjiv Bajaj, has a total remuneration that is significantly higher than the industry average. Meanwhile, the company has seen strong growth in earnings per share and revenue over the past few years.

  • Bajaj Finserv Launches Investment Solution; Stock Rises - 15 Jul, 2024

    Bajaj Finserv Asset Management has launched Savings+, an investment solution aimed at making better use of surplus funds lying idle in savings accounts. Meanwhile, Bajaj Finserv Ltd's stock continues to rise for the fifth consecutive session.

  • Bajaj Finserv Asset Management Launches Savings+ for Retail Investors - 11 Jul, 2024

    Bajaj Finserv Asset Management has launched Bajaj Finserv Savings+, allowing retail investors to invest in Liquid and Overnight Funds with competitive returns and liquidity. The digital solution offers T+1 day liquidity, instant redemption of up to ₹50,000 or 90% of invested value, and customised financial recommendations through Perfios' Personal Finance Management solution. CEO Ganesh Mohan said the platform will be available on the website and WhatsApp.

  • Bajaj Allianz Gross Direct Premium at Rs 1,234 Crore in June - 10 Jul, 2024

    Bajaj Allianz General Insurance underwrote a gross direct premium of Rs 1,234 crore in June, while Bajaj Allianz Life Insurances total new business premium was Rs 1,082 crore.

  • Bajaj Finserv Subsidiaries Release Provisional Figures for June - 09 Jul, 2024

    Bajaj Allianz Life and General Insurance released their provisional figures for June in a quarterly business update. Bajaj Allianz General Insurance reported a gross direct premium underwritten at Rs 1,234 crore for June. Shares of Bajaj Finserv gained marginally after the announcement.

  • Bajaj Allianz reports gross direct premium underwritten at Rs 1,234 crore for June - 08 Jul, 2024

    Bajaj Allianz General Insurance reported a gross direct premium underwritten at Rs 1,234 crore for June. Bajaj Allianz Life Insurance's total new business premium stood at Rs 1,082 crore for the same period. The company's total premium for April-June was Rs 2,539.93 crore. Bajaj Finserv shares closed 0.73% lower on Monday.

  • Bajaj Finserv Reports Strong FY 2024 Results - 30 Jun, 2024

    Bajaj Finserv reported a 35% YoY increase in revenues for FY 2024, driven by the Retail Financing segment. Net income also increased by 27%. The EPS missed estimates slightly, but revenue exceeded analyst expectations by 22%. The company's share price remains stable.

  • Bajaj Finance Partners with Ashok Leyland for Vehicle Financing - 28 Jun, 2024

    Bajaj Finance has partnered with Ashok Leyland to offer customised and seamless financial solutions for vehicle financing across India. The partnership will enhance business volumes for both companies.

  • Bajaj Finance Partners with Tata Motors for Financing Solutions - 25 Jun, 2024

    Bajaj Finance, a subsidiary of Bajaj Finserv, has partnered with Tata Motors to provide financing solutions for its entire commercial vehicle portfolio. The partnership aims to make the process of purchasing a commercial vehicle accessible and hassle-free.

Insights on Bajaj Finserv Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.82% to 4.52% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 23.28K Cr → 32.04K Cr (in ₹), with an average increase of 10.1% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, New India Assurance Company Ltd has given 54.2% return, outperforming this stock by 34.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, New India Assurance Company Ltd has given 107.1% return, outperforming this stock by 109.4%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 60.69% to 60.64% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 23.38% to 23.18% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, BAJAJFINSV stock has moved down by -2.3%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 8.14% to 8.13% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 2.15K Cr → 2.11K Cr (in ₹), with an average decrease of 1.8% per quarter

News

Wipro Share Price Live blog for 24 Jul 2024

Wipro Share Price Today Live Updates : Wipro stock price went down today, 24 Jul 2024, by -1.03 %. The stock closed at 505.75 per share. The stock is currently ... Read more

24 Jul, 2024 08:01 AM

Wipro shares deliver single-digit returns in 2024; buy, sell or hold?

Wipro stock was trading on a flat note at Rs 503.85 against the previous close of Rs 500.55 on BSE. Market cap of Wipro stood at Rs 2.63 lakh crore on BSE today

24 Jul, 2024 12:33 PM

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹32,045.26Cr
↑10.35%
Net Income
₹4,084.93Cr
↑0.98%
Net Profit Margin
12.75%
↓8.47%
2024Y/Y Change
Revenue
₹1,10,382.29Cr
↑34.49%
Net Income
₹15,595.36Cr
↑27.73%
Net Profit Margin
14.13%
↓5.04%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹6,654.05Cr
↑25.06%
Total Liabilities
₹85.08Cr
↑17.22%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹1,311.80Cr
↑66.53%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
60.64%
-0.07
Foreign Institutions
8.13%
-0.04
Mutual Funds
4.52%
18.47
Retail Investors
23.18%
-0.84
Others
3.52%
-11.58

Key Indicators

Bajaj Finserv Ltd Valuation

Bajaj Finserv Ltd in the last 5 years

  • Overview

  • Trends

Lowest (17.84x)

March 24, 2020

Industry (30.27x)

July 23, 2024

Today (31.62x)

July 23, 2024

Highest (72.11x)

September 24, 2021

LowHigh

Earnings and Dividends

  • Bajaj Finserv Ltd Earnings Results

    Bajaj Finserv Ltd’s net profit jumped 19.76% since last year same period to ₹2,118.53Cr in the Q4 2023-2024. On a quarterly growth basis, Bajaj Finserv Ltd has generated -1.81% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Bajaj Finserv Ltd Dividends April,2024

    In the quarter ending March 2024, Bajaj Finserv Ltd has declared dividend of ₹1 - translating a dividend yield of 0.11%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Bajaj Finserv Ltd is currently in a Bearish trading position according to technical analysis indicators.

Frequently Asked Questions

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Bajaj Finserv Ltd (BAJAJFINSV) share price today is ₹1579.25

Bajaj Finserv Ltd is listed on NSE

Bajaj Finserv Ltd is listed on BSE

  • Today’s highest price of Bajaj Finserv Ltd is ₹1611.9.
  • Today’s lowest price of Bajaj Finserv Ltd is ₹1562.

PE Ratio of Bajaj Finserv Ltd is 31.62

PE ratio = Bajaj Finserv Ltd Market price per share / Bajaj Finserv Ltd Earnings per share

Today’s traded volume of Bajaj Finserv Ltd(BAJAJFINSV) is 36.75L.

Today’s market capitalisation of Bajaj Finserv Ltd(BAJAJFINSV) is ₹258475.64Cr.

Bajaj Finserv Ltd(BAJAJFINSVPrice
52 Week High
₹1741
52 Week Low
₹1419.05

Bajaj Finserv Ltd(BAJAJFINSV) share price is ₹1579.25. It is down -9.29% from its 52 Week High price of ₹1741

Bajaj Finserv Ltd(BAJAJFINSV) share price is ₹1579.25. It is up 11.29% from its 52 Week Low price of ₹1419.05

Bajaj Finserv Ltd(BAJAJFINSVReturns
1 Day Returns
-39.6%
1 Month Returns
1.97%
3 Month Returns
-0.71%
1 Year Returns
-2.33%