Share price of Bajaj Finance

Share price of Bajaj Finance

Share price of Bajaj Finance: An introduction

A list of companies with multibagger returns will always include Bajaj Finance’s name. In September 2012, Bajaj Finance shares were trading around Rs 100 per share. Share price of Bajaj Finance trade at nearly Rs 7200 per share a decade later. Bajaj Finance shares have given negative returns (-2.10%) compared to flat NIFTY50 returns. Bajaj Finance’s share price remained flat in 2022, matching NIFTY50 gains.

In 1987,Share price of Bajaj Finance two-wheelers. Today, the company finances millions of Indians’ penchant for electronic goods. Due to the company’s exponential growth rates, Bajaj Finance’s share price has always been highly valued.

Share price of Bajaj Finance: Reasons for further growth

Share price of Bajaj Finance has grown in its business numbers exponentially in the last decade, and the same is reflected in the share price. However, many questions are raised about whether there is further upside in the stock market. Let us look at the reasons analysts believe the stock may rise further:

Update on Bajaj Finance’s share price: Credit cards

.Earlier this year, the Reserve Bank of India (RBI)allowed non-banking finance companies (NBFCs) to enter the credit card business.

.Bajaj Finance is likely to become the first company to enter this new line of business.

.Once the approvals are secured, Bajaj Finance may launch its in-house credit cards. As per reports, the company may launch its credit card by end of this financial year.

.Currently, the NBFC has tied with RBL Bank for co-branded credit cards.

Credit card companies make a lot of money through annual fees, late payment charges, interest rates, etc. With its in-house credit cards, Bajaj Finance can tap into a large customer base.

At the end of the June quarter, it had 60 million customers, of which only 2.96 million used co-branded credit cards.

Stock update on Bajaj Finance: Digital Ecosystem.

.Phase 1 of the web platform (Phase 1) will be online by October 2022, and phase 2 by the end of the current financial year.

.Customer acquisition will be facilitated by the digital ecosystem, and the new loan trajectory will be strengthened.

.For payments, the company has partnered with Worldline to develop point-of-sale (PoS) payments acquiring solutions for merchants.

Share price insight for Share price of Bajaj Finance

The following are the Bajaj Finance share price movements over the last 5 years, based on 1,238 trading days:

.After 656 trading days, the Bajaj Finance share price ended in the green.

.On 580 trading days, the Bajaj Finance share price ended in the red.

.Two trading days have passed since Bajaj Finance’s share price ended flat.

Bajaj Finserv Share Split Record Date 2022, Bonus Record Date 2022:

Bajaj Finserv NSE:BAJAJFINSV has announced that it will split its shares and issue share bonus shares to investors.Share split record date 2022 and share bonus record date 2022 have been announced by Bajaj Finserv.

Bajaj Finserv has stated that it will split its shares first and then issue bonus shares.Bajaj Finserv’s share split ratio is 5:1, which means that for every 1 share held by investors, 5 bonus shares will be issued.

Share price target for Bajaj Finance by 2030

The Company maintained a cautious stance across all its B2C businesses till Q3 FY2021 due to an increase in delinquencies, a higher level of EMI moratoriums, and the absence of updated bureau data. It started to gradually rebuild its volumes only from the latter part of Q3 after the post-EMI moratorium performance became visible and bureau information went fully onstream.

The personal loan cross-sells (PLCS) business is a pre-approved loan origination program for existing customers of BFL. It relies on risk analytics, campaign management, and a digital acquisition strategy. This business has an optimal mix of salaried and self-employed customers. The PLCS business was fully stopped in the first quarter and gradually started in the second quarter with tighter credit norms. As a result, the AUM for the business de-grew in FY2021 by 10% over FY2020 to 17,209 crore.

Retail deposits grew 44% year-on-year to 18,961 crore and corporate deposits book de-grew by 18% to ` 6,842 crore. Retail deposits now contribute to 73% of total deposits, versus 61% as of 31 March 2020. As on date, BFL has 56 dedicated FD branches across five cities. It plans to continue to grow the contribution of its deposits book to reduce dependence on wholesale funding. By considering all these factors, Bajaj Finance share price target for 2030 is Rs 19,800.

Share price of Bajaj Finance

Bajaj Finance share price target?

Bajaj finance share price target for 2022 is Rs 7,200, Bajaj Finance share price target for 2023 is Rs 8,100, Bajaj finance share price target for 2024 is Rs 9,050, Bajaj finance share price target for 2025 is Rs 10,200, and Bajaj finance share price target for 2030 is Rs 19,800

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