Trending stocks: Bajaj Finance shares slip over 5%

NEW DELHI: Shares of Bajaj Finance traded 5.53 per cent down in Friday 's trade at 10:33AM (IST).

Around 153272 shares changed hands on the counter. The stock opened at Rs 2123.0 and touched an intraday high and low of Rs 2123.0 and Rs 2046.0 , respectively, in the session so far. The stock quoted a 52-week high of Rs 4915.8 and a 52-week low of Rs 1912.2 .

Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 130879.41 Crore) operating in NBFC sector.

Key Financials

The company reported consolidated sales of Rs 7011.05 crore for the quarter ended 31-Dec-2019 , 10.91 per cent from previous quarter's Rs 6321.45 crore and 40.63 per cent from the year-ago quarter's Rs 4985.39 crore.

The net profit after tax for the latest quarter stood at Rs 1614.11 crore, 52.34 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2019 , domestic institutional investors held 7.8494797 per cent stake in the company, while foreign institutional investors held 22.224308 per cent and the promoters 56.150715 per cent.

Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 22.48 and a price-to-book ratio of 338.41 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.The stock belongs to the NBFC - Consumer industry.