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Sell Bajaj Finance, target price Rs 3950: Kunal Bothra

Bajaj Finance key products/revenue segments include interest which contributed Rs 15,345.64 crore.

ETMarkets.com|
Updated: Sep 27, 2019, 11.43 AM IST
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Sell-15
For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 5,801.25 crore.
Kunal Bothra has a sell call on Bajaj Finance with a target price of Rs 3,950. The current market price of Bajaj Finance is Rs 4063.5. Kunal Bothra recommended to keep a stop loss at Rs 4120.

Bajaj Finance key products/revenue segments include interest which contributed Rs 15,345.64 crore to sales value (88.27 per cent of total sales), fees & other charges which contributed Rs 1,630.90 crore to sales value (9.38 per cent of total sales), income from sale of share & securities which contributed Rs 256.73 crore to sales value (1.47 per cent of total sales), income from financial services which contributed Rs 87.80 crore to sales value (0.50 per cent of total sales) and service charges which contributed Rs 62.90 crore to sales value (0.36 per cent of total sales) for the year ending 31 March, 2019.

For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 5,801.25 crore, up 9.30 per cent from last quarter sales of Rs 5,307.66 crore and up 47.37 per cent from last year same quarter sales of Rs 3,936.45 crore. The company has reported a net profit after tax of Rs 1,195.25 crore in latest quarter. The company’s top management includes Naushad Forbes, Omkar Goswami, Anami Roy, D J Balaji Rao, Dipak Poddar, Madhur Bajaj, Nanoo Pamnani, Rahul Bajaj, Rajeev Jain, Rajiv Bajaj, Ranjan Sanghi, Sanjiv Bajaj and Gita Piramal. The company has SRBC & Co. LLP as its auditor. As on 30-06-2019, the company has a total of 57,98,94,198 shares outstanding.

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