highlights
In 10 years, the stock has brought investors 4850 percent returns.
Bajaj Finance stock is up about 12 percent in a month.
3 brokerage houses have advised investing in the stock.
New Delhi. Stocks of non-bank finance company Bajaj Finance (Bajaj Finance Stock) Has provided excellent returns for long-term investors. In 10 years, this stock has increased investors’ money by 50 times, while in 21 years, this stock has given investors a return of 108,358 percent. Brokerage houses believe that this multibagger share (Multibagger Bearing) There will be more boom in the future and it will bring huge profit to the investor. The company’s profit rose 30 percent year-on-year to 3,158 crores in the March quarter. After the quarterly results, brokerage houses are also optimistic about the share. Even today, Bajaj Finance stock on the NSE was trading at a level of Rs 6243.90 (Bajaj Finance share price today) with a gain of 0.70 percent on the day.
21 years ago today ie 2002, the price of this stock was 5.75 rupees. That has now risen to Rs 6243. Over the past 10 years, the stock has gained almost 4850 percent, or 50 times. Within 10 years, the share price increased from Rs 126 to Rs 6243. That means the investors who put money in it in 2013 increased their money by 50 times. Even in 5 years, the stock’s return was over 225 percent.
Also read this – If you had invested Rs 1 lakh in this stock 5 years ago you would have a car bungalow and servant today
1 lakh rupees became 10 crores
If an investor had invested Rs 1 lakh in Bajaj Finance shares 21 years ago and has maintained that investment, he is now a Crorepati. His Rs 1 lakh has now become Rs 108,573,913. If an investor invested 1,000 rupees in this stock 10 years ago, he will get 4,954,761 rupees today.
The broker made a buy recommendation
Brokerage house Motilal Oswal has issued a buy rating on Bajaj Finance shares with a target price of Rs 7,080, according to a report in Financial Express. The brokerage house says customer acquisition and new loan development has been strong for the company. The number of customers is constantly increasing.
Also Read This – Multibagger Stocks: These 5 Stocks Made Groundbreaking Returns in 10 Years, Whoever Invested 10,000 Also Became a Millionaire
Brokerage house Morgan Stanley has set a target price of Rs 8,000 for Bajaj Finance stocks with an Overweight rating. The brokerage house Sharekhan has also advised investors to buy this share. Sharekhan believes this stock can reach the Rs 7500 level. The broker has said the stock has corrected nicely over the past few months and the valuation now looks better.
(Disclaimer: The stocks mentioned here are based on the advice of the brokerage houses. If you are interested in investing in any of these stocks, consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen. )
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Keywords: Business News in Hindi, Money making tips, Multibagger Stocks, stock market
FIRST RELEASED : April 28, 2023 at 15:17 CET
