Already the weightage of financial stocks in the 30-shares BSE index Sensex is the highest and with the inclusion of Bajaj Finance and replacement of Adani Ports, its weightage shall still trend higher.
In a matter of just one-year, the share price of Bajaj Finance scrip has surged by as much as 36%. And as per a Motilal Oswal report, the share has shown power to increase wealth at a price CAGR of a whopping 73% between 2013-2018. Also, the share has multiplied wealth by over 16 times.
Also, the share stands among 10 stocks to have created the highest wealth in 10 years time. In between 2013-2018, the share has helped in the creation of wealth of Rs. 902 billion since the year 2013.
The different brokerage house have a buy call for the scrip and have a target or TGT price of Rs. 3000 while the scrip of Thursday closed at Rs. 2,369.80. The brokerage firm said that the company's management has shown execution capability and made it emerge as the most profitable BFSI company in India.