🚀 Bajaj Finance Share Up By 10% in Day

Retail investors often chase single digit penny stocks ignoring beautiful businesses

Bajaj Finance's results and guidance are so beautiful. Read on to know why it rose 10% today:

[1] Profits grew by 159% to ~INR 2,600 Cr this quarter

[2] Net Interest Income grew by 48% to INR 6,638 Cr

[3] New Loans issued up by 60% to 74.2 Lakhs

[4] Highest ever increase in quarterly profits - 27.3 Lakhs

[5] Management aims to clock 90-100 Lakh customers this year

[6] Assets Under Management crossed a milestone of INR 2 Lakh crores - 28% up

[7] Gross NPAs are at 1.25%, Net NPAs are at 0.5%. An NBFC giving such beautiful stats like country's top private sector bank. So good!

[8] Return on Assets at 4.2%

But all this is past, what about the future?

Management has given a long term growth guidance of amazing set of numbers

Now check out these numbers for the penny bank stock retail investors are owning in the hope of it becoming a multi-bagger

While it has remain range bound in the last 2 years, Bajaj Finance's share has grown by over 110% during the same period

Not a stock recommendation as we need to learn about valuations as well

What are your thoughts about a beautiful franchise like Bajaj Finance? Share in the comments

Check out our podcast for a simplified [layman] version of the same (link in comments)