Index Membership and Market Capitalisation Significance
Bajaj Finserv Ltd holds a commanding position within the Nifty 50, India’s premier benchmark index, with a market capitalisation of approximately ₹3,19,563 crores, categorising it firmly as a large-cap stock. This membership not only enhances the stock’s visibility among domestic and international investors but also ensures its inclusion in numerous index-tracking funds and ETFs. Consequently, any movement in Bajaj Finserv’s share price can have a pronounced impact on the overall index performance.
Its Price-to-Earnings (P/E) ratio currently stands at 33.29, notably higher than the industry average of 23.11, reflecting elevated investor expectations for future earning...
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