Ideas for Profit | Bajaj Finance’s stellar FY19 earnings make it stand out in the troubled NBFC space
By : Moneycontrol
Published On: 2019-05-17
389 Views
04:23
Bajaj Finance (BFL), one of the largest retail asset financing companies, is also one of the best performing stocks on the Nifty in the past one year. While the Nifty gained only five percent, the stock is up 62 percent in the last one year. In fact, it has been one of the biggest wealth creating stocks, generating 79 percent compounded annual returns, or a grow of more than 300 times in the past 10 years. The stellar stock performance isn’t a surprise since BFL has an enviable track record of growing its asset book by 47 percent CAGR (compounded annual growth rate) and profit by 61 percent CAGR in the past decade.
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