Bajaj Finserv Achieves 52-Week High, Reflecting Strong Financial Performance and Growth

Bajaj Finserv has made headlines today as its stock price reached a new 52-week high of Rs. 2,134.45. This milestone reflects the company's strong performance in the finance and non-banking financial company (NBFC) sector. Over the past year, Bajaj Finserv has outperformed the broader market, achieving a remarkable return of 28.78%, significantly higher than the Sensex's 8.53% gain.
Despite today's slight underperformance against its sector, Bajaj Finserv maintains a robust position, trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The company has consistently demonstrated strong fundamentals, with a notable average Return on Equity (ROE) of 12.30% and impressive net sales growth of 24.11% over the last nine months, totaling Rs. 97,225.48 crore.

Bajaj Finserv's financial health is further underscored by its highest quarterly PBDIT of Rs. 12,373.18 crore and cash and cash equivalents reaching Rs. 13,059.16 crore. As the company continues to report positive results for 12 consecutive quarters, it remains a significant player in the finance industry, backed by strong promoter support.