Stock Name : Bajaj Finance Ltd/Tips Open Buy : 3,228.00 Posted Date : Oct 17, 2020
Stopless/Horizon : 3066.6 Target : 3712.2 Results Achieved (Yes/No) :

Overview: Bajaj Finance Limited, a subsidiary of Bajaj Finserv, was incorporated in the year 1987. It is aLarge Cap company with a market capital of Rs 199651.01 Crore. The company is engaged in the business of retail financing, providing finance for two-wheelers, consumer durables, personal computers, personal loans, insurance services, etc.

About the company: Bajaj Finance Limitedwas originally incorporated as Bajaj Auto Finance Ltd in 1987, initially the company focused on providing financefor two and three-wheelers. In 1998, company launched its initial public issue of equity share and was listed on the BSE and NSE. In 2010 the company’s registered name was changed from Bajaj Auto Finance Limited to Bajaj Finance Limited.

Today, the company has emerged as one of the largest retail asset financing NBFCs in India, as on March 31, 2020, assets under management (AUM) grew 18% (year-on-year) to Rs 1,16,102 crores on a standalone basis. The AUM consisted primarily of personal and consumer durables loans (35%), mortgages such as loans against property &home loans (12%), SME loans and vendor financing (12%), two- and three-wheeler financing (11%), rural financing (12%), loan against securities (4%) and others (13%).

Management: Mr. Rajeev Jain is the Managing Director and Mr. Anup Saha is Deputy CEO of the Bajaj Finance Limited.

Shareholding Pattern (As on June 2020):
• Promoters: 56.20
• Foreign Institutions: 21.24
• NBFC and Mutual Funds: 7.26
• Others: 3.12
• General Public: 9.11
• Financial Institutions: 2.86
• GDR: 0.22

Dividend: The company declared an equity dividend of 500.00% amounting to Rs 10 per share for the year ending March 2020.

Sales Report:For the quarter ended June 30th of 2020, Bajaj Financereported a consolidated sale of Rs 6634.93 Crore, which is down by -7.73 % from last quarter sales of Rs 7190.93 Crore, but up by 14.37 % from previous year’s same quarter sales of Rs 5801.25 Crore.

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