INSUBCONTINENT EXCLUSIVE:
Chandan Taparia of Motilal Oswal Securities has a buy call on Bajaj Finance Ltd
with a target price of Rs 4,343
The current market price of Bajaj Finance Ltd
Time period given by the analyst is Intra Day when Bajaj Finance Ltd
price can reach defined target
Chandan Taparia recommended to keep stoploss at Rs 4035
Bajaj Finance Ltd., incorporated in 1987, has a market cap of Rs 239963.12 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 30-06-2019, the company has reported a Consolidated sales of Rs 5801.25 Crore, up 9.30 % from last quarter Sales of
Rs 5307.66 Crore and up 47.37 % from last year same quarter Sales of Rs 3936.45 Crore Company has reported net profit after tax of Rs
1195.25 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
As on 30-09-2019, the company has a total of 579,894,198 shares outstanding.