Bajaj Finance, the non-banking financial company (NBFC) of Bajaj Group, witnessed a surge of 3% in its stock price on the back of its ‘near perfect’ Q4 results. The stock, which has been hovering in the range of Rs 6,500 to Rs 9,000, has caught the attention of investors who are looking to make a profitable investment.
The Q4 results of Bajaj Finance have been described as ‘near perfect’ by industry experts, as the company reported a growth of 42% in its net profit for the quarter ended March 31, 2023. The company’s total income also rose by 37% during the same period. The company’s asset quality remained stable, with gross non-performing assets (GNPAs) at 1.4% and net NPA at 0.4%.
Investors who are considering investing in Bajaj Finance shares are faced with a dilemma – whether to buy at the current price of Rs 6,500 or wait for the price to rise to Rs 9,000. While there is no clear answer to this question, investors can take the help of a financial advisor to make an informed decision.
On the one hand, buying the shares at Rs 6,500 can be seen as a good opportunity to enter the market at a lower price. On the other hand, waiting for the price to rise to Rs 9,000 can lead to greater profits if the company continues to perform well in the future.
However, it is important to note that stock prices can be volatile and are subject to market fluctuations. Investors should always do their own research and analysis before making any investment decisions. It is also advisable to diversify investments across various sectors and companies to minimize risks.
