Bajaj Finance target Rs 2,900? After 23,000% return in 10 years, this multi-baggar hits a bump
There’s nothing more uncertain than the stocks, and Bajaj Finance is the true living example of this. Since the last decade, the multi-baggar stock made a major comeback this year with a sky-rocketing margin of 23,000 that nearly doubled the investors’ money to five times.
Apart from the one time when the scrip disappointed investors in 2011, as per the surveys the stock of Bajaj Finance as an NBFC is termed to be India’s largest market capitalisation in the consumer finance space.
A word from the expert
As quoted by the MD of this corporate giant, Sanjeev Bajaj: “this would probably be the first time when television sales were lower YoY despite the ongoing Cricket World Cup”. What he added to this fact is “you can see the stocks reach the peak whenever a big season is overdue, and on the rural lending side there is a gradual slow down. So what can be concluded from this is a slowdown is apparent, and it has nothing to do with the NBFC’s inability to lend to the borrowers.
The bottom line
The projections of this corporate giant didn’t go well with the investors, and the stocks fell by a margin of 8 per cent in June. Despite the ups and downs, the business has proved its consistency, but you can’t also dissent from the fact that the sales haven’t looked up yet in spite of the persistent efforts.