Information About Bajaj Finserv Share Price:

The Bajaj Finserv is a company that provides financial services that focuses on asset management, insurance, wealth management, etc. Apart from this, the finance giant is actively participating in wind energy generation. Located in over 1400 locations and has more than 20,000 workers, the company, in 2014, was ranked 119 in the Economic times 500 companies list.

Arguably, the most famous product that Bajaj Finserv offers is their loans. They provide a wide range of credits that can benefit several types of individuals by catering to their specific needs. From home loans to doctor loans, almost all the loans available in the market can be availed from Bajaj Finserv.

Apart from the loans they provide, their insurance packages are also one of their renowned products they offer. Clubbed with their impeccable customer service, Bajaj Finserv is the go-to company for several individuals looking for quality financial services.

The Board of Directors:

Sanjiv Bajaj – MD

Mr. Bajaj had graduated from the University of Pune in Mechanical Engineering, after which from the University of Warwick, he did Masters in Manufacturing Systems Engineering, which is located in the United Kingdom. He has also done Masters in Business Administration from Harvard. Furthermore, he has created and conceptualized content for award-winning TV programs for CNBC-TV18.

S Sreenivasan – Chief Financial Officer (CFO)

Sreenivasan has been working with Bajaj Finserv since 2011, had been assigned CFO in October 2014. He also overlooks the insurance business of the company. His exemplary educational qualifications back his respected resume. Apart from having a bachelor's degree from the University of Kerala, Mr. Sreenivasan is also a certified Chartered Accountant, a Chartered Financial Analyst (CFA), and a cost accountant. He is also an alumnus of IIM-Calcutta.

History of the Company:

Formed in 2007, Bajaj Finserv was demerged from Bajaj Auto Limited. It was so that the company can focus solely on financial services. The emerging process was completed in 2008. Apart from only provide financial services, the company also looked to dive into wind power, and now is actively participating in the same.

The finance sector of Rs.8,000 million was assigned to Bajaj Finserv, which was the market value of the company back then.

Bajaj Finserv Stock Indexes:

Bajaj Finserv stocks are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) as well and can be traded on these platforms. The company is a part of Nifty 100, Nifty Next 50, Nifty 500, S&P BSE 100, S&P BSE 500, etc.

BSE code - 532978

NSE code - BAJAJFINSV

ISIN - INE918I01018

Sector - FINANCE - INVESTMENTS

Location:

4th Floor, Bajaj Finserv Corporate Office,

Off Pune-Ahmednagar Road, Viman Nagar,

Pune – 411014

Market Capitalisation:

The market capitalization of Bajaj Finserv as of the beginning of March 2018 is over Rs.77,000 crore.

Bajaj Finserv stock returns in 2016 and 2017:

  1. The stock price of Bajaj Finserv stood at around Rs.1,990 at the start of 2016.
  2. The demise of their director on the 12th of January, 2016 may have caused the stock prices to plummet up until the end of February
  3. The stock price at the end of February stood close to Rs.1600
  4. The cost of the stock then was visibly stagnant up until the mid of June, after which the company saw a steady incline of stock prices
  5. Q1 results were out at the end of July which may also have been one of the reasons of the stock prices to rise in the coming months
  6. The company still enjoyed the steady rise of the stock prices
  7. The Q2 results were published at the end of October, and the stock prices of the company peaked during the beginning of November 2016 close to Rs.3,440
  8. The company had its ups and downs during the next few months, but at the end of 2017, the stock prices stood mightily at around Rs.5,200
  9. The stock prices of the company started off 2018 at around Rs.5200
  10. As of early March, the stock prices of Bajaj Finserv held at roughly Rs.4800.

Company's wealth and recent performance:

  1. The profits after tax of the company for Q3 of FY18 were Rs.767 crore.
  2. The company grew by 38% when compared to the last quarter of the previous year.
  3. The total AUM (Assets Under Management) was reported at over Rs.76,000 crore.
  4. The loan books rose to 58% to Rs.4,535,818 in Q3 of FY18 from Rs.2,879,595 which was published in Q3 of FY17.
  5. The total income of Bajaj Finserv rose in Q3 FY18 to 31%. The total revenue amounted to Rs.3,545 crore as opposed to Rs.2,700 crore reported in Q3 of FY17.

Why invest in Bajaj Finserv?

The performance of the company in FY17 - 18 has shown an incredible growth.The company has been hugely profitable this year as well, growing at dramatic rates. It's immense progress in Q3 if replicated in Q4, would amount to a growth of 29% when compared to the previous year

Stocks or Mutual Funds: Here is our recommendation

A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.

Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.

Indexes and Exchages

Bombay Stock Exchange (BSE)

The Bombay Stock Exchange, popularly called BSE, is Asia's first and oldest stock exchange. Located at Dalal Street in Mumbai, the BSE was formally established in 1875 by an influential stockbroker and businessman called Premchand Roychand. In the initial days, the BSE had its meetings under several Banyan trees in Mumbai before finding a permanent place, which is very appropriately named Dalal Street or Broker Street. After functioning as a floor trading exchange for more than a century, BSE ascended the digital ladder in 1995 by implementing a new screen-based automated trading platform with a capacity of 8 million orders in a day. In 2012, the BSE went global by becoming a Partner Exchange of the United Nations Sustainable Stock Exchange. Subsequently, BSE established India's first international exchange, called INX, in 2016.

National Stock Exchange (NSE)

NSE was set up in 1992 by a group of leading Indian financial institutions, following the Indian Government's directives. It aimed to bring transparency to the Indian capital market. It was India's first demutualized electronic exchange which operated on a completely automated screen-based electronic trading system, offering an easy trading facility to all Indian investors. NSE began its operations in the Wholesale Debt Market segment in 1994. NSE was the first company in India to offer a digital platform that connected the investor base of the entire country. NSE offers services in various segments, such as trading, equity derivatives, clearing and settlement services in equity, debt and currency derivatives, etc.

NIFTY Index

The NIFTY is NSE's flagship index that tracks the behavior of a portfolio of blue-chip companies that have the largest and most liquid Indian securities. It is owned as well as managed by IISL (India Index Services and Products Ltd), which is India's first specialized company to focus on an index as a core product. Nifty indexes 50 of the 1600 companies on the National Stock Exchange (NSE) and is thus popularly referred to as 'Nifty 50'. It captures approximately 65% of its float-adjusted market capitalization and is a true reflection of the Indian stock market. The Nifty 50 includes the major sectors of the Indian economy. It offers the exposure to the Indian market in one efficient portfolio. The Nifty index has been trading since April 1996. It is ideally suited for index funds, benchmarking and index-based derivatives.

SENSEX Index

Sensex is BSE's stock market index. It consists of 30 well-established and financially flourishing companies listed on BSE. It was established in 1986. These 30 component companies are known for being the largest and most actively traded stocks. They represent various industrial sectors of the Indian economy. Sensex is also known as BSE 30 and S&P BSE SENSEX. The word 'Sensex' is a portmanteau of the words 'Sensitive' and 'Index.' SENSEX is widely reported in domestic and international markets through print and electronic media. The indexing system is scientifically designed, based on globally accepted construction and review methodology. Since September 2003, S&P BSE Sensex is being determined on a free-float market capitalization methodology.