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Buy Bajaj Finance, price target Rs 4,350: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on Bajaj Finance Ltd. with a target price of Rs 4350.0 . The current price of Bajaj Finance Ltd. is Rs 4189.15 Time period given by the analyst is Intra Day when Bajaj Finance Ltd. price can reach defined target. Shrikant Chouhan recommended to keep a stoploss at Rs 4085 .

Bajaj Finance Ltd., incorporated in 1987, has a market cap of Rs 252056.58 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 30-09-2019, 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.

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 07-11-2019, the company has a total of 601,689,069 shares outstanding.

Source: Economic Times