Chandan Taparia of Motilal Oswal Securities has a buy call on Bajaj Finance Ltd. with a target price of Rs 4320. The current price of Bajaj Finance Ltd. is Rs 4179.5. Chandan Taparia recommended to keep a stop loss at Rs 4080.
Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 248786.40 Crore) operating in NBFC sector.
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 30-09-2019, the company has reported a Consolidated sales of Rs 6321.45 Crore, up 8.97 % from last quarter sales of Rs 5801.25 Crore and up 48.34 % from last year same quarter sales of Rs 4261.36 Crore. Company has reported net profit after tax of Rs 1506.29 Crore in latest quarter.
Source: Economic Times
