ET Markets
12,248.2567.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy Bajaj Finance, target Rs 4,300: CK Narayan

Buy Bajaj Finance Ltd. at a price target of Rs 4300.0 and a stoploss at Rs 4180 from entry point.

ETMarkets.com|
Updated: Nov 06, 2019, 09.07 AM IST
0Comments
ThinkStock Photos
Buy-sale2
CK Narayan of Chart Advise has a buy call on Bajaj Finance Ltd. with a target price of Rs 4,300. The current market price of Bajaj Finance Ltd. is Rs 4229.8. Time period given by analyst is Intra Day when Bajaj Finance Ltd. price can reach defined target. CK Narayan recommended to keep stoploss at Rs 4180. Bajaj Finance Ltd., incorporated in 1987, has a market cap of Rs 238681.55 crore.

Bajaj Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 15345.64 Crore to Sales Value (88.27 % of Total Sales), Fees & Other Charges which contributed Rs 1630.90 Crore to Sales Value (9.38 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 256.73 Crore to Sales Value (1.47 % of Total Sales), Income From Financial Services which contributed Rs 87.80 Crore to Sales Value (0.50 % of Total Sales) and Service Charges which contributed Rs 62.90 Crore to Sales Value (0.36 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 6321.45 Crore, up 8.97 % from last quarter Sales of Rs 5801.25 Crore and up 48.53 % from last year same quarter Sales of Rs 4255.92 Crore Company has reported net profit after tax of Rs 1506.29 Crore in latest quarter. The company’s top management includes Dr.Naushad Forbes, Dr.Omkar Goswami, Mr.Anami Roy, Mr.D J Balaji Rao, Mr.Dipak Poddar, Mr.Madhur Bajaj, Mr.Nanoo Pamnani, Mr.Rahul Bajaj, Mr.Rajeev Jain, Mr.Rajiv Bajaj, Mr.Ranjan Sanghi, Mr.Sanjiv Bajaj, Ms.Gita Piramal. Company has S R B C & Co. LLP as its auditors. As on 30-09-2019, the company has a total of 579,894,198 shares outstanding.

Also Read

Buy Biocon, target Rs 274: CK Narayan

Buy Just Dial, price target Rs 612: CK Narayan

Sell Hindalco Industries, price target Rs 198: CK Narayan

Buy Sun TV Network, price target Rs 500: CK Narayan

Sell Godrej Consumer, price target Rs 720: CK Narayan

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service