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Sell Bajaj Finance, target Rs 3,180: Kunal Bothra

Sell Bajaj Finance Ltd. at a price target of Rs 3180.0 and a stoploss at Rs 3290 from entry point.

ETMarkets.com|
Updated: Aug 01, 2019, 09.11 AM IST
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Independent analyst Kunal Bothra has a sell call on Bajaj Finance Ltd. with a target price of Rs 3180. The current market price of Bajaj Finance Ltd. is Rs 3250.9 Time period given by analyst is Intra Day when Bajaj Finance Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 3290
Bajaj Finance Ltd., incorporated in 1987, has a market cap of Rs 188517.80 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 30-06-2019, the company has reported a Consolidated sales of Rs 5801.25 Crore, up 9.30 % from last quarter Sales of Rs 5307.66 Crore and up 47.37 % from last year same quarter Sales of Rs 3936.45 Crore Company has reported net profit after tax of Rs 1195.25 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 30-06-2019, the company has a total of 579,894,198 shares outstanding.

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