In this article, we will discuss Bajaj Finserv company details, technical analysis, and Bajaj Finserv share price target
Bajaj Finserv Company details
Bajaj Finserv Limited is an Indian non-banking financial services company having headquarters in Pune. The organization provides services like wealth management, asset management, insurance, and lending. Some of the subsidiaries of the organization are Bajaj Finance, Bajaj Allianz life insurance, Bajaj housing finance, and Bajaj Allianz general insurance. The company has employed more than 20,000 employees at more than 1,400 locations. Apart from financial services, the company is also active in wind energy production having a capacity of 65 MW. The reported revenue by the company in 2022 is Rs 68,438 crores and the net income is Rs 8,313 crores.
Bajaj Finserv Technical analysis
The all-time high of Bajaj Finserv’s shares price is 1927. The current value of a stock is Rs 1701.
Looking at the horizontal line, we can say that the stock is ready to break its all-time high value. The stock re-tested the horizontal line in July 2022 and has shown a rising trend.
The high price made by Bajaj Finserv stock in 2016 was Rs 345, April 2017 was Rs 470, September 2017 was Rs 580, August 2018 was Rs 720, June 2019 was Rs 855, January 2020 was Rs 1000, February 2021 was Rs 1050, and October 2021 was Rs 1930.
The stock price has increased by 3.5 times in the past 5 years. The company declared a dividend of Rs 4 on August 2022, Rs 3 on July 2021, Rs 5 on March 2020, Rs 2.50 on July 2019, Rs 1.75 on July 2018, Rs 1.75 on July 2017, Rs 1.75 on March 2016, Rs 1.75 on July 2014, Rs 1.50 on July 2013, Rs 1.50 on July 2012, Rs 1 on July 2010, and Rs 1 on July 2008.
Bajaj Finserv Share Price Target
The target price for 2023 is Rs 2400, 2025 is Rs 2900, 2030 is Rs 5800, 2035 is Rs 6200, and 2040 is Rs 8100.
There are numerous factors that support the growth in Bajaj Finserv share price in the future. The company has a Flexi loan facility to fulfill unpredictable business needs, simple eligibility criteria with the least documents requirement increasing convenience, availability of high loan amounts to fulfill the requirements of the business, simple and easy application for collateral-free loans, pre-approved loan offers for fast financing, and fast approval as well as disbursal of funds for immediate business needs.
Additionally, the net profit of the company increased in the second quarter of 2021. The sales have increased by 59% compared to the previous year, and the company has booked more than 6 million new loans in 2021.
Bajaj Finserv is a growth stock and has the potential to give huge returns. The investors are advised to do their research about the company before making a final decision to invest. The technical analysis provided does not guarantee a 100% return on investment. You must consider the pros and cons of the organization.
To sum up, Bajaj Finserv shows a rising trend, and target prices are highlighted with technical analysis. Anyone interested in buying Bajaj Finserv can expect capital appreciation.
Frequently asked questions
Should I invest in Bajaj Finserv share?
The company is a part of the Nifty index. It is advised to invest through SIP which will give a return of 10 to 15%.
Is there any risk associated with the company?
Yes, the equity return is low and the dividend payout is also less compared to the profits.
Disclaimer: If you want to invest in Bajaj Finserv, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.
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