If Your Dad Invested ₹10,000 In Bajaj Finance A Decade Ago, Here's How Much You'd Have Today

Bajaj Finance is one of the country’s biggest non-banking financial companies (NBFC). Share of the company is under the investors’ focus today following the release of its Q2 results. Despite posting a robust increase in consolidated net profit, shares of the lending giant were under pressure in early trade on Wednesday.

The Investment: Ten years back, on October 18, 2013, if your dad invested ₹10,000 in Bajaj Finance he would have got around 81 shares, with each share priced at ₹123.22. Fast forward to today, October 18, 2023, those shares are now worth a staggering ₹6.56 lakh, trading at ₹8093.0 per share.

Bajaj Finance’s share price over the years.

Earnings Overview: Bajaj Finance reported a consolidated net profit of ₹3,551 crore for the second quarter, marking a 28% increase compared to the previous year. However, this figure fell slightly short of analysts’ expectations, as they had anticipated a 30% rise to an average of ₹3,626 crore. In addition, the company’s consolidated net interest income for the quarter also showed significant growth, increasing by 26% to reach ₹8,845 crore.

Here is how analysts reacted to the company’s results.

Analyst FirmRatingPrice TargetUpside/Downside
GSSell₹7,205-11.2%
CLSABuy₹9,500+17.4%
MacquarieUnderperform₹8,033-1.1%
JefferiesBuy₹9,470+17.6%
Upside/Downside is calculated based on the previous close of ₹8,093.

Price Action: Bajaj Finance’s share price was down 1.99% to trade at ₹7,932 in the afternoon hours of trading on Wednesday.

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Disclaimer: Benzinga does not provide investment advice.

Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.

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Posted In: EquitiesPrice TargetReiterationMarketsAnalyst Ratingsbajaj finance