Accumulate Bajaj Electricals, target price Rs 1,091: Prabhudas Lilladher

Prabhudas Lilladher has accumulate call on Bajaj Electricals Ltd. with a target price of Rs 1091.0. The current market price of Bajaj Electricals Ltd. is Rs 949.7 Time period given by analyst is year when Bajaj Electricals Ltd. price can reach defined target.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 10873.41 Crore) operating in Consumer Durables sector.

Bajaj Electricals Ltd. key Products/Revenue Segments include Consumer Durables, Contract Revenue and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 1355.34 Crore, up 1.34 % from last quarter Total Income of Rs 1337.45 Crore and up 5.13 % from last year same quarter Total Income of Rs 1289.20 Crore. Company has reported net profit after tax of Rs 38.67 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 62.98 per cent stake in the company as of 31-Mar-2022, while FIIs owned 10.64 per cent, DIIs 12.05 per cent.