Buy Bajaj Finserv, target price Rs 8,700: Shubham Aggarwal
Shubham Aggarwal recommended to keep a stop loss at Rs 8,100.
Bajaj Finserv, incorporated in the year 2007, is a large cap company (having a market cap of Rs 1,32,014.73 crore) operating in the NBFC sector.
Bajaj Finserv key products/revenue segments include dividend which contributed Rs 286.76 crore to sales value (67.78 per cent of total sales), interest which contributed Rs 59.31 crore to sales value (14.01 per cent of total sales), power generation which contributed Rs 59.11 crore to sales value (13.97 per cent of total sales), renewable energy certificates which contributed Rs 11.99 crore to sales value (2.83 per cent of total sales), income from sale of share & securities which contributed Rs 3.83 crore to sales value (0.90 per cent of total sales) and rental income which contributed Rs 2.05 crore to sales value (0.48 per cent of total sales) for the year ending 31 March, 2019.
For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 12,271.66 crore, down 5.56 per cent from last quarter sales of Rs 12,994.14 crore and up 211.18 per cent from last year same quarter sales of Rs 3,943.55 crore. The company has reported a net profit after tax of Rs 1,454.25 crore in latest quarter. The company’s top management includes Gita Piramal, Naushad Forbes, Anami N Roy, D J Balaji Rao, Madhur Bajaj, Manish Kejriwal, Nanoo Pamnani, Rahul Bajaj, Rajiv Bajaj and Sanjiv Bajaj. The company has SRBC & Co LLP as its auditor. As on 30-09-2019, the company has a total of 159,137,290 shares outstanding.