Bajaj Finance m-cap crosses Rs 3 trillion as stock hits new high

Growth guidance of around 25 per cent for FY22E and opportunity to apply for banking licence have resulted in renewed interest of investors in the stock, analysts said

Bajaj Finance entered the elite club of companies with a market capitalisation (market-cap) of Rs 3 trillion after the company's stock price hit a new high of Rs 4,992.55, up 2 per cent in Tuesday's otherwise weak market.

The stock of the non-banking finance company (NBFC) surpassed its previous high of Rs 4,957.50, touched on November 27, 2020.

At 11:42 am, Bajaj Finance's market-capitalisation stood at Rs 3.01 trillion, the exchange data shows. In comparison, the S&P BSE Sensex was down 0.47 per cent at 46,035 points. Currently, Bajaj Finance, is at the ninth position in terms of