Time period given by analyst is Intra Day when Bajaj Finance price can reach defined target.
Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 402060.23 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 6743.01 Crore, down -1.63 % from last quarter Total Income of Rs 6854.94 Crore and up 1.40 % from last year same quarter Total Income of Rs 6649.74 Crore. Company reported net profit after tax of Rs 1002.44 Crore in latest quarter.
Investment Rationale
Breakout on weekly frame and follow up buying after breakout along with higher tops on daily frame.
Promoter/FII Holdings
Promoters held 56.1 per cent stake in the company as of March 31, 2021, while FIIs held 24.2 per cent, DIIs 9.1 per cent and public and others 10.6 per cent.
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