INSUBCONTINENT EXCLUSIVE:
Bajaj Finance on Friday surpassed Axis Bank in market value for the first time
The market capitalisation of the finance company stood at of Rs 134,952 crore on Friday after the stock gained 3.5 per cent to close at Rs
financial services and insurance (BFSI) sector in India
Bajaj Finance, which gained 33 per cent so far this year as compared to a 4 per cent rise in the Sensex, is currently trading at a
price-to-book ratio of 8, making it one of the expensive stocks in the BFSI space.
Though valuations of Bajaj Finance are not cheap,
EPS CAGR and 20 per cent+ ROE over FY18-20E for Bajaj Finance
crore market capitalisation, is the most valuable bank in the country
Its parent, HDFC with Rs 3.10-lakh crore market capitalisation is the second biggest company in the BFSI space.
