Bajaj Finserv gains 55 per cent in 20 days
During Friday’s trading session, the stock of Bajaj Finserv jumped more than 9 per cent and made an intraday high of Rs 8550 per share. Shares of Bajaj Finserv have gained more than 55 per cent in the last twenty days.
The company reported net profit of Rs 986.29 crore in Q2FY21, down by 18.06 per cent, as compared to Q2FY20, when it reported net profit of Rs 1203.72 crore. The company reported net sales of Rs 15049.58 crore, for Q2FY21 an increase of 5.82 per cent, as against the net sales of Rs 14221.86 crore for Q2FY20.
The stock of Bajaj Finserv has recovered by 93.73 per cent from its sharp decline in May 2020.
According to BSE data, the stock traded at a price-to-book ratio of 34.71. The stock has a 52-week high and a 52-week low of Rs 10297 per share and Rs 3985.60 per share, respectively.
Bajaj Finserv (BFS) is the holding company for the various financial services businesses under the Bajaj group.
At 2.15 pm today, the share of Bajaj Finserv was trading at Rs 8415.95 per share on BSE, up by 7.59 per cent.