Bajaj Finance - 7th October 2020 - Angel Broking

"Bajaj finance report key provisional number for Q2FY21. The company acquired 1.2m new customers in the quarter (compared with 1.9m YoY), taking the overall customer base to 44.1m. The new loan disbursal sequentially jumped 2x, however, declined by 45% YoY to 3.6m. Due to lower disbursal, AUM for Q2FY21 remained flat sequentially and YoY. Lower AUM growth might be owing to a short duration loan and cautious approach by management. Credit cost to remain elevated for FY21 and subdued AUM growth to compressed return ratio. Currently, Bajaj Finance trades at 6x of trailing networth."

Shares of Bajaj Finance Limited was last trading in BSE at Rs.3474.4 as compared to the previous close of Rs. 3379.85. The total number of shares traded during the day was 175471 in over 12730 trades.

The stock hit an intraday high of Rs. 3480 and intraday low of 3392.05. The net turnover during the day was Rs. 604608791.

Source : Equity Bulls

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