Published in · 4 min read · Jan 11, 2023
Bajaj finance limited is a subsidiary of Bajaj Finserv. It is an Indian non-banking financial company having headquarters in Pune. The company was incorporated as Bajaj Auto Finance Limited in 1987. It was focused on two and three-wheeler finance. The company was listed on the Bombay Stock Exchange and the National Stock Exchange of India after 11 years.
The revenue reported by the company in the financial year 2020 is Rs 17,090 crore and the net income is Rs 7,030 crore. The total assets of the company are Rs 138,003.57 crore. As of June 2022, the company has been working with RBL Bank and DBS Bank to issue co-branded credit cards. After the approval by RBI for non-banking finance companies to enter the credit card industry, the company has decided to introduce credit card products in the first quarter of 2023.
At present, the stock value is Rs 7380.40. The highest point touched by the stock is Rs 8011.
The stock has moved between the two lines from last more than 1 year. The stock has touched the highest point four times in the last 14 months.
It is advised to buy the stock once it crosses the upper horizontal line. When the stock price crosses the upper horizontal line, it means more money has been invested in the company and the value is expected to grow further.
The long-term buyers can wait for the price to come near the lower horizontal line because that is the point where the investor can earn huge returns in the future.
Aggressive buyers can purchase the stock at the black line marked or between 6800 to 6600.
The stock price fell below the lower horizontal line in May 2022 but re-entered the zone in July 2022.
The stock has already crossed the 200 moving average line which means the price is likely to increase in the future.
In the past five years, the stock has given more than 4 times the return on investment. The stock price was Rs 1800 in 2017 and now it is around Rs 7500.
Also read: HDFC share price target
The stock is expected to cross Rs 8,500 by 2023, Rs 10,100 by 2025, Rs 18,000 by 2030, Rs 30,000 by 2035, and Rs 45,000 by 2040.
The expected growth of the company is due to the prospects in credit card business, UPI payment system, etc. The government is also supporting non-banking financial companies to have a customer base. This will increase the competition and the customers will have more choices.
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Frequently asked questions
1. Should I invest in Bajaj Finance share for long term?
Yes, Bajaj finance is a growth stock and the prices are likely to cross Rs 30,000 in the next decade.
2. What should be the minimum target for the stock?
The minimum target should be Rs 8500 within a year.
Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.
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