​​​
  1. Invest in Bajaj Finance from NBFC space says Ashwani Gujral

Invest in Bajaj Finance from NBFC space says Ashwani Gujral

Ashwani Gujral, the investment advisor picks Bajaj Finance as a quality stock, with an investment horizon of five years. The expert said that the bull run has just started in the NBFC space, so it’s a good time to invest in the stock.

By: | Updated: July 31, 2017 2:08 PM
Ashwani Gujral, the investment advisor picks Bajaj Finance as a quality stock, with an investment horizon of five years. (Image: Reuters)

Ashwani Gujral, the investment advisor picks Bajaj Finance as a quality stock, with an investment horizon of five years. The expert said that the bull run has just started in the NBFC space, so it’s a good time to invest in the stock. When asked specifically about Granules India as a stock pick for a 5 year investment horizon, the advisor said that the stock is avoidable as a lot of concerns still exist in the pharmaceuticals industry.  In conversation with CNBC TV-18, the market ace observed that investors are moving towards poor quality stocks and advised that when looking at a medium to long term investment horizon, one must pick blue chips, as a lot can change over this time period.

On Monday afternoon, the Bajaj Finance stock was trading at Rs 1,714 on NSE.  The first quarter results have been impressive for the company.   The company had released its quarterly results for the period Apr-Jun (2017)  last week, wherein the reported PAT had grown to Rs. 602.04 crores, up by 42% when compared on a year on year basis. Annualized RoE on opening book value (FY17) stands at 25%, which has been achieved on back of various factors such as stable yields, reduction in cost of funds, improved asset quality and strong disbursements growth, according to a report published by KR Choksey . The stock has returned nearly 100% on a YTD basis. The Nifty Financial Services Index is up by 37.22%, since the beginning of the year.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top