Bajaj Group has become the fifth business house to cross the Rs 10-lakh-crore mark in market cap. Earlier, Tata Group, Mukesh Ambani Group, HDFC Bank and Adani Group have achieved this milestone.
Among Bajaj Group company stocks, Bajaj Auto saw the highest surge, rising over 72 percent this year. Bajaj Finance and Bajaj Finserv surged 12 percent and 9 percent, while Bajaj Holdings and Investment and Maharashtra Scooters increased by 36 percent and 74 percent.
All five listed companies linked to the late Rahul Bajaj Group have shown varied performances. Bajaj Finserv and Bajaj Finance are led by Sanjiv Bajaj, while Bajaj Auto is led by Rajiv Bajaj. Maharashtra Scooters is a subsidiary of Bajaj Holdings & Investment.
Bajaj Auto's significant growth followed the launch of the Triumph Bike earlier this year, boosting its shares. CEO Rajiv Bajaj unveiled ambitious plans, targeting a monthly sales goal of 10,000 units for Bajaj Triumphs. The company expects production and sales to rise to 18,000 units in the third quarter of this fiscal year.
New products are set for rollout in December from the collaboration with British motorcycle brand Triumph. The Triumph Speed 400 and Scrambler 400 X motorcycles are available in India since July. The move has diversified the company's product range.
Bajaj Finance and Bajaj Finserv have seen minimal returns. The entry of major players like Jio Financial Services and Reliance Industries into the financial services sector is expected to heighten competition, impacting growth prospects for Bajaj Finance, according to analysts.
This increased competition in the B2B and B2C segments might affect Bajaj Finance's medium-term profitability. Private banks' emphasis on 'buy now, pay later' financing and a shift towards personal loans will further strain yields in the B2C book, analysts said.
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