Ideas for Profit | Bajaj Finance’s stellar FY19 earnings make it stand out in the troubled NBFC space
May 17, 2019 / 01:41 PM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Bajaj Finance (BFL), one of the largest retail asset financing companies, is also one of the best performing stocks on the Nifty in the past one year. While the Nifty gained only five percent, the stock is up 62 percent in the last one year. In fact, it has been one of the biggest wealth creating stocks, generating 79 percent compounded annual returns, or a grow of more than 300 times in the past 10 years. The stellar stock performance isn’t a...