Bajaj Electricals share price: Add Bajaj Electricals, target price Rs 1450: Centrum Broking

Centrum Broking has add call on with a target price of Rs 1450. The current market price of Bajaj Electricals Ltd. is Rs 1335.35.

Time period given by analyst is one year when Bajaj Electricals Ltd. price can reach defined target.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 15276.12 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 865.37 Crore, down -32.88 % from last quarter Total Income of Rs 1289.20 Crore and up 40.63 % from last year same quarter Total Income of Rs 615.34 Crore. Company reported net profit after tax of Rs -24.97 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 63.17 per cent stake in the company as of March 31, 2020, while FIIs held 7.96 per cent, DIIs 12.46 per cent and public & others 16.41 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.

Source Link