FUNDAMENTAL SERIES SCRIPT - 2
Bajaj Finance Ltd
Target : 10000
Bajaj Finance has one of the lowest NPAs in the NBFC Industry and the company reported a Net NPA of 0.68% for FY22.
Company's median PE is 45
But , comapny is trading at only 26.5 PE
In , (Aug 2021)Comapny's Stock price is at 6640 and Net profit (4420 Cr)
Now In (2024) Company's Stock price is at also 6640 and Net profit is (15389 Cr)
So, There is a major diffrence between Net profit but stock price is still at same level of 2021
In last 5 years stock price is Up by 38% only
Last 3 years Compounded Profit Growth :- 48%
Last 3 years Stock Price CAGR :- -3%
And also Comapny's net profit is growing as per capita income is growing and people buying products through loan.
TECHNICALS; currently script is in highly bullish so wait for settledown then accumulate...
What's Your thoughts on this.
Target : 10000
Bajaj Finance has one of the lowest NPAs in the NBFC Industry and the company reported a Net NPA of 0.68% for FY22.
Company's median PE is 45
But , comapny is trading at only 26.5 PE
In , (Aug 2021)Comapny's Stock price is at 6640 and Net profit (4420 Cr)
Now In (2024) Company's Stock price is at also 6640 and Net profit is (15389 Cr)
So, There is a major diffrence between Net profit but stock price is still at same level of 2021
In last 5 years stock price is Up by 38% only
Last 3 years Compounded Profit Growth :- 48%
Last 3 years Stock Price CAGR :- -3%
And also Comapny's net profit is growing as per capita income is growing and people buying products through loan.
TECHNICALS; currently script is in highly bullish so wait for settledown then accumulate...
What's Your thoughts on this.
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