Multibagger Alert: This top multibagger from the finance sector gained 208% in one year

Multibagger Alert: This top multibagger from the finance sector gained 208% in one year

by 5paisa Research Team Last Updated: 2022-04-05T11:18:31+05:30

Bajaj Finserve is one of the leading players in the NBFC space.

Bajaj Finserve Ltd has been one of the trending companies in the past year. It has more than tripled its shareholder's wealth in the trailing twelve months. Strong financial position and the recovery in the economy post-second wave have boosted the spirits of the shareholders. 

In October 2021, the stock witnessed a great bull rally and peaked on the BSE. With this, the multibagger stock entered into the Rs 3 trillion market cap club. It had then become the 18th Indian company to cross that mark.

The quarter ended September 2021 results witnessed strong growth momentum. The consolidated revenues were Rs 18,008 crore, up by 20% on a YoY basis. The company reported a growth of 12% in consolidated profit after tax which stood at Rs 1,122 crore. Its surplus funds excluding group investments stood at Rs 15 billion as of September 30, 2021.

Bajaj Finserv is a holding company for the businesses engaged in various financial services of the Bajaj Group. And thus, its majority holding is in Bajaj Finance Limited (BFL) in which it holds a 52.65% stake. Bajaj Finance Ltd has also been a multibagger, generating a return of 117%. In the insurance segment, it has holdings in Bajaj Allianz General Insurance Co Ltd (BAGIC) and Bajaj Allianz Life Insurance Co Ltd. (BALIC). For the first half of FY22, BFL contributed 67% to Bajaj Finserv’s profitability, while BAGIC and BALIC contributed 32% and 11% respectively.

On November 2, 2021, the multibagger was trading flat at Rs 17,592 at 12:05 pm on the BSE. It has a 52-week high of Rs 19,319.95 and a 52-week low of Rs 5,563.45.

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