Buy NBFC Sector Stock For Higher Return, Axis Securities Sees Shares Soaring

Axis Securities has recommended investors to buy leading large cap NBFC sector stock, Bajaj Finance with a target price of Rs 7400 apiece. Current market price of the stock is Rs 6083.35 apiece on BSE. If you buy Bajaj Finance shares now, you can get likely return of 22%. Check details below:

1. Bajaj Finance Stock Performance

Last trading price of the stock is Rs 6083.35 apiece with intraday fall of 1.19%. The stock's 52-week high is Rs 7,777.00 apiece and 52-week low is Rs 5,235.60 apiece, respectively. The company has a market capitalisation of Rs 3,68,304.70 crore.

2. Bajaj Finance Return

The stock gave a return of 6% in last 1-month, fell 8% in last 3-months, and declined 10% in last 1-year. In last 3-years, it soared 39% and 266% in last 5-years.

3. About Bajaj Finance

Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 38 million customers across the country. Apart from being the largest financier of consumer durables in India, BFL is also one of the most profitable firms in this category, according to its official website. 

Disclaimer

The stock has been picked from the brokerage report of Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.