The results of the assembly elections held in 5 important states of the country have come, out of these 3 major states, the stock market has also surged due to the landslide victory of BJP. The stock market is trading in bullish mode since the day of election results. Bullish means the market is seeing a rise. Many companies have benefited from this market boom and the market cap of Bajaj Group has crossed Rs 10 lakh crore. Bajaj Group has become the 5th group in India whose market cap is more than Rs 10 lakh crore.
Before Bajaj, only 4 business groups could achieve this position. These include Tata, Reliance, HDFC and Adani Group. Whose market cap is Rs 31.01 lakh crore, Rs 18.25 lakh crore, Rs 14.29 lakh crore and Rs 11.95 lakh crore respectively. Is.
How many companies does Bajaj Group own?
5 companies of Bajaj Group are listed in the market. The most valuable company of the group is Bajaj Finance. Its share price has increased by 2 percent. The second largest company is Bajaj Finserv whose shares have risen 0.6 percent. There has been a jump of 2.5 percent in Bajaj Auto. Shares of the group's holding company Bajaj Holdings and Investments have risen nearly 7 percent. This figure is till the time of market opening this morning. Investors who had invested money in Bajaj Finserv Company 5 years ago have got a return of 45 percent.
Same is the situation with Bajaj Finance. Its shares have given a return of 196% in 5 years. Bajaj Auto has given 120% returns to its investors in the last 5 years. Bajaj Holdings has made 158% profit to its investors. Talking about returns in the last five years, Bajaj Finance has earned the highest. This company also has the biggest role in the rapid growth of the company.
Bajaj developed India's first auto rickshaw. In the 70s, under the leadership of Rahul Bajaj, the company changed its stance and Bajaj entered the 2-wheeler segment. The company's scooter and advertisement 'Hamara Bajaj' made it a household name.
The group used to be famous in the auto sector once upon a time.
Bajaj Group was founded in 1926 by Jamnalal Bajaj, grandfather of Rahul Bajaj. Rahul Bajaj was given a big responsibility from the group in 1968. He was made the CEO of Bajaj Auto. In 1972, he also became the MD of Bajaj Auto. This was the period when Bajaj scooters were famous. People started knowing about Bajaj scooters in every household. It is said that there came a time when people started deciding the timing of their marriages according to the delivery date of Bajaj scooters.
In the 1990s, the license raj and economic liberalization had brought huge benefits to the company, but gradually the company started lagging behind in the auto sector. Although there was no decline in the growth of the company, the auto company used to be famous in the 70-80s. There was a decrease in it. This happened due to the entry of other companies in the market with new technology. Today both Bajaj Finserv and Bajaj Finance are the companies giving the highest returns to the group.
What is the difference between Bajaj Finserv and Bajaj Finance?
People often get confused between Bajaj Finserv and Bajaj Finance. Let us tell you that both the names definitely have finance associated with them, but both the companies do not do the same work. Finserv is a non-banking financial services company, which deals in wealth management and insurance, lending and asset management. Apart from finance, this company also works on wind energy. The group holds 52.49% stake in Bajaj Finance. He also has the work of mutual fund.
The names you hear of Bajaj Allianz Life Insurance and General Insurance come under this company. Let us tell you that Bajaj Finance Company is a subsidiary of Finserv. It was started in 1987 as Bajaj Auto Finance Limited. At that time its main work was to provide loans for purchasing two-wheelers and three-wheelers. In 2010, its name was changed to Bajaj Finance Limited. Today it is also known as Housing Finance Company. Now it is also providing corporate loans.
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