Bajaj Finserv market cap nears Rs 3 trillion
Published On: Thursday, September 23, 2021 | By: Team KnowMyStock
Shares of Bajaj Finserv hit a new high of Rs 18,702 as they rallied 6 percent on the BSE in Thursday’s intra-day trade on the back of heavy volumes. Bajaj Finserv shares have given multi-bagger returns in 2021 so far as it is up more than 100% this year. The holding company for the various financial services businesses of the Bajaj Group is set to join elite list companies that have a market capitalization of Rs 3 trillion. Bajaj Finserv Ltd., incorporated in the year 2007, is a Large Cap company (a market cap of Rs 284322.91 Crore) operating in the NBFC sector. Bajaj Finserv is primarily engaged in the business of promoting financial services such as finance, insurance, wealth management, etc. through its investments in subsidiaries and joint ventures. The company is also engaged in the business of generating power through wind turbines, a renewable source of energy.
Bajaj Finserv holds stakes in Bajaj Allianz Life, Bajaj Allianz General Insurance,Bajaj Finance and Bajaj Financial solutions.
Bajaj Finance’s share price has grown by around 7.2 x over the past five years, from around ₹1,100 levels in September 2016 to around ₹7800 levels in September 2021. ICICI Securities has maintained its ‘Buy’ rating on Bajaj Finance stock.
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