Will Reliance entry in Finance topple Bajaj Finance?

Bajaj Finance has been darling for investors. However, we need to analyze the fact that Reliance is going to be a threat to Bajan Finance.

Have a look at the below information to analyze the fact that how Bajaj Finance is overvalued.

Over the last 5 yrs, Bajaj Finance has given 264.14% returns. But due to the above-stated reasons, the stock has fallen from an all-time high of ₹7,929 in October 2021 to ₹6,374.60 on Friday. However, this puts the NBFC at a valuation of 6.08 times the estimated book value for FY 2024, while it is 2.83 times for HDFC Bank and 2.88 times for ICICI Bank. L

We look forward to the views and give it thought that whether competition from Reliance in financial services will affect Bajaj Finance.

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