Time period given by analyst is one year when Bajaj Finance Ltd. price can reach defined target.
Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 472792.43 Crore) operating in NBFC sector.
Bajaj Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities, Other Operating Revenue and Service Charges for the year ending 31-Mar-2021.
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
Bajaj Finance’s share price has grown by ~7.2x over the past five years (from ~Rs 1100 levels in September 2016 to ~Rs 7800 levels in September 2021). Factoring in management agility towards product development and process modification to suit the situation. The brokerage maintains BUY rating on the stock.
Promoter/FII Holdings
Promoters held 56 per cent stake in the company as of June 30, 2021, while FIIs held 24 per cent, DIIs 9.3 per cent and public and other 10.6 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
