On February 09, 2009, Bajaj Finance share price closed at 5.41 level compared to today’s(26th July,2019) close of 3,264.60 level on the BSE.
It shows that the rise in share price indicates that an investment of Rs 10,000 in Bajaj Finance in 2009 would have now become over Rs 64 lakh. This is the power of the buy-and-hold strategy. i.e suppose one had invested 2000 shares of Bajaj Finance @Rs.5 amounting Rs.10000, is now become Rs. approx. 64 lac
Bajaj Finance is one of the leading asset finance NBFCs. ICICI Securities said Bajaj Finance has a stronghold in the consumer durables (CD) and lifestyle product financing business (around 15 per cent of AUM), wherein it does not have any major competition.
The Bajaj Finance share has delivered huge returns to investors during the last 10 years. Rs 1,00,000 invested in Bajaj Finance on February, 2009 would have grown to Rs 6.40 crore today. The Bajaj Finance share has delivered 64000% returns during the last 10 years and it’s shows CAGR of approx. 90%
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