Buy Bajaj Consumer Care, target price Rs 350: ICICI Securities

ICICI Securities has buy call on Bajaj Consumer Care with a target price of Rs 350. The current market price of Bajaj Consumer Care is Rs 198.4.

Time period given by analyst is one year when Bajaj Consumer Care Ltd. price can reach defined target.

Bajaj Consumer Care Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 2909.49 Crore) operating in FMCG sector.


Bajaj Consumer Care Ltd. key Products/Revenue Segments include Other Operating Revenue for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 226.34 Crore, up .59 % from last quarter Total Income of Rs 225.02 Crore and down -3.83 % from last year same quarter Total Income of Rs 235.36 Crore. Company reported net profit after tax of Rs 46.51 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 38.04 per cent stake in the company as of 30-Sep-2021, while FIIs owned 24.44 per cent, DIIs 13.83 per cent.