Synopsis
Bajaj Finserv, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 257478.62 Crore) operating in NBFC sector.
ETMarkets.comShrikant Chouhan of Kotak Securities has buy call on Bajaj Finserv with a target price of Rs 1670. The current market price of Bajaj Finserv is Rs 1613.9. Shrikant Chouhan recommended to keep stop loss at Rs 1590.
Bajaj Finserv, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 257478.62 Crore) operating in NBFC sector.
Bajaj Finserv key Products/Revenue Segments include Dividend, Interest, Power Generation, Income From Sale Of Share & Securities, Rental Income and Renewable Energy Certificates for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 23624.95 Crore, up 8.59 % from last quarter Total Income of Rs 21755.35 Crore and up 25.25 % from last year same quarter Total Income of Rs 18861.67 Crore. Company has reported net profit after tax of Rs 3333.28 Crore in latest quarter.
Investment Rationale
Breakout from sloping channel pattern with bullish candlestick formation hints at upward rally.
Promoter/FII Holdings
Promoters held 60.78 per cent stake in the company as of 31-Mar-2023, while FIIs owned 6.73 per cent, DIIs 7.03 per cent.
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