The Bajaj Group is a prominent Indian conglomerate known for its diversified business interests and significant contributions to the Indian economy. With a rich heritage spanning over nine decades, the group has established itself as a trusted and respected name across various industries.
It all began in 1926, when Jamnalal Bajaj laid the foundation of the Bajaj Group. Over the years, the group expanded its horizons and ventured into diverse sectors, leaving an indelible mark on the Indian business landscape.
It offers an extensive range of products and services, including motorised two- and three-wheelers, home appliances, electric lamps, wind energy, special alloys and stainless steel, cranes, material handling equipment, travel, general and life insurance and investment, consumer finance, and asset management.
Let's delve into the performance of the group stocks over the last one-year period.
Hercules Hoists has emerged as the top performer in the group over the last one-year period. The company is engaged in the manufacturing and distribution of material handling equipment, including electric wire rope hoists, chain pulley blocks, and other lifting solutions for various industries.
The company's products are designed to enhance operational efficiency and ensure safe and effective lifting and handling of goods. Since July of last year, the company shares have been on an upward trajectory, returning 114% to date. They have risen 476% to date from their March 2020 low of ₹46.
Bajaj Holdings & Investment, the flagship of the Bajaj group of companies, was another top performer in the group. The company shares over the last one-year gained approximately 53%, spiking from ₹4,581 apiece to ₹6,984.
Bajaj Holdings & Investment Limited (BHIL) - erstwhile Bajaj Auto Limited was de-merged, whereby its manufacturing undertaking has been transferred to the new Bajaj Auto Limited and its strategic business undertaking consisting of wind farm business and financial services business has been vested with Bajaj Finserv Limited, its website shows.
On Similar lines, Maharashtra Scooters saw its shares gain 49% in the last one-year period to ₹5,480 apiece. After discontinuing the production of geared scooters in 2006, the company is currently engaged in the business of manufacturing dies, Jigs, fixtures, and die casting components primarily for the automobile industry. "Priya", "Bajaj Super," and "Bajaj Chetak" were a few of the famous brands of MSL.
During Tuesday's trade, the stock registered a new all time high of ₹5,750. Further, over the last five years, the shares have soared by 92%, and in the last 10 years, they have returned a staggering 1342%.
|% One year performance
|Bajaj Holdings & Investment
|Bajaj Consumer Care
|Bajaj Hindusthan Sugar
Bajaj Finserv, the financial services arm of Bajaj Group, was another star performer in the group. BFS is the holding company for the various financial services businesses under the Bajaj Group. It is a diversified financial services company that offers financial products and services, including health insurance, lending, wealth management, and payment solutions.
Apart from financial services, BFS is also active in wind energy generation and has investments in renewable energy in the form of 138 windmills, situated in Maharashtra with an aggregate installed capacity of 65.2 MW.
Since July last year, the company shares have grown from ₹1,138 to trade at the current price of ₹1,540, resulting in a stellar gain of 35.32%. In addition, the company's subsidiary, Bajaj Finance, also delivered a stellar return of 30.61% during the same time period.
Another top gainer that stole the limelight in the group was Bajaj Consumer Care. The stock soared from ₹141.80 apiece in July last year to the current position of ₹191.80, generating a fabulous return of nearly 35.25%. The company is one of India's leading FMCG companies, with major brands in the hair care and skin care categories.
Further, shares of Bajaj Hindusthan Sugar, the country's leading sugar and ethanol manufacturing companies, gained strongly by nearly 30%, appreciating from ₹13 to ₹16.85 apiece.
The next top performer in the group was Baja Auto, a leading manufacturer of motorcycles and three-wheelers in India also witnessed a sharp surge in its share price over the last one-year. During this period, the shares have rallied from ₹3,679 to ₹4,610, generating a return of 25.30%.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of MintGenie.