CMP: 617
Bajaj Finance Limited is a financial services company that operates branches in India, which provide an assortment of financial services.
Bajaj Finance is an excellent mid-cap pick in finance space. Revenues have been consistently on the rise growing over 50% a year. NPM was little inconsistent in the past, but has now steadied and been on the rise in the last 2 years peaking now at 20%. Its currently priced at a P/E of little over 11 which is also attractive. Dividend yield is decent at 1% in the last 12 months. Its one of the cherry picked mid-cap performing stock of FY10. Buy, Accumulate on dips of 10% and hold for long term gains.
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